Supply Chain Risk Management for Macro Risks

Matthias Klumpp and Hella Abidi

Institute for Logistics and Service Management (ild) at FOM University of Applied Sciences, Essen, Germany; matthias.klumpp@fom-ild.de

Institute for Logistics and Service Management (ild) at FOM University of Applied Sciences, Essen, Germany; hella.abidi@fom-ild.de

Introduction

In recent years, international competition has pressured European companies to improve quality and reduce the time and costs of product development and manufacturing. Furthermore, the economic and financial crisis of 2009 led to an increased effort to outsource manufacturing activities and to find suppliers who can ensure production of products with high quality at lower costs (Kumar 2009 ...

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