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Affiliation: School of Management & Commerce, Sanskriti University, Mathura

Abstract

In order to determine if supply chain innovation has a beneficial impact on risk management capabilities, such as robustness and resilience in global supply chain operations, and how these skills may enhance competitive advantage, this research intends to develop and test a theoretical model. A comprehensive questionnaire survey was created with South Korean businesses and logistics intermediates engaged in international supply chain activities in order to evaluate the theoretical model that was established based on existing research. To verify the proposed model, the data were examined using structural equation modeling (SEM) and confirmatory factor analysis (CFA). All aspects of risk management capabilities were shown to be positively impacted by innovative supply chains, which in turn significantly increases competitive advantage. Consequently, this study offers proof of the value of supply chain innovation and risk management skills in bolstering competitive advantage. In the field of supply chain management (SCM), this research helps to provide an empirical knowledge of the strategic retention of supply chain innovation and risk management skills. It also supports and broadens current views about innovation and competitive advantage. The results provide managers solid justification for investing in process and technological innovation. This study is the first of its type to experimentally evaluate the connections among competitive advantage, risk management skills, and supply chain innovation.

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Section
Review