Description
Energy is critical for economic, socio-political, and environmental sustainability worldwide. The petroleum supply chain plays a key part in industrialisation but faces uncertainties and complexities. This paper aims to review the growing literature on supply chain risk management (SCRM) in the petroleum industry supply chain from 2010 to 2023, analysing keywords, identifying potential risk factors, revealing existing mitigation strategies, and discussing various methodological applications.A particular focus is placed on data envelopment analysis (DEA) as a promising technique for risk management. We explore the advantages and limitations of DEA and discuss its potential integration with other methodologies for more effective risk management. Our findings show that mitigation strategies in the petroleum industry are often influenced by regional, national, or cultural factors, suggesting the need for tailored risk management approaches. Moreover, the existing literature highlights the importance of considering social, cultural, economic, and political factors in assessing industry risks, pointing towards future research directions.
| Period | 12 Sep 2024 |
|---|---|
| Event title | Annual Conference OR66 |
| Event type | Conference |
| Location | Bangor, United KingdomShow on map |
| Degree of Recognition | International |