Supply Chain Risk Management in Apparel Industries

Apparel is one of the oldest and largest export industries in the world. It is also one of the most global industries because most nations produce for the international textile and apparel market. The changing global landscape drives cost volatility, regulatory risk and change in consumer preference. In today’s retail landscape, media and advocacy groups have focussed attention on social and environmental issues, as well as new regulatory requirements and stricter legislations. Understanding and managing any risk within supply chain, particularly ethical and responsible sourcing, has become increasingly critical.

This book first gives a systematic introduction of supply chain risk management (SCRM) evolution by literature review and discusses the importance of SCRM in apparel industry. Second, it describes the life cycle of apparel supply chain and defines the different roles of the value chain in apparel industry. Thirdly, it identifies the risk factors in Apparel Life Cycle and analyses the risk sources and consequences and finally, extends the importance of selection of the suppliers and develops a supplier selection model and SCRM strategies solution by data analysis and case studies.

Kin Keung Lai received his PhD at Michigan State University, USA, in 1977 and is currently a Chair Professor of Management Science at the City University of Hong Kong, Hong Kong. He is the President of the Asia-Pacific Industrial Engineering and Management Society, the General Secretary of the Hong Kong Operational Research Society, and a council member of the International Federation of Operations Research Societies. His main research interests include supply chain and operation management, forecasting, computational intelligence, and risk analysis.

Peter Cheng is the cofounder and chairman of Hanbo group. He obtained his Executive Master of Business Administration (EMBA) and is a Doctorate of Business Administration (DBA) candidate at the City University of Hong Kong. His research interest is related to supply chain risk management and management science.