AMAJIRIONWU Chioma Anita
Department of Marketing, Faculty of Administration and Management Rivers State University Nkpolu-Oroworukwo, Port Harcourt
OPARA Bright C.
Department of Marketing, Faculty of Administration and Management Rivers State University Nkpolu-Oroworukwo, Port Harcourt
HARCOURT Horsfall
Department of Marketing, Faculty of Administration and Management Rivers State University Nkpolu-Oroworukwo, Port Harcourt.
Abstract
The study investigated the correlation between risk assessment and supply chain resilience of shipping companies in Rivers State. Risk assessment was treated unidimensionally, while supply chain resilience was measured with flexibility and cost reduction. The study adopted an explanatory research design with a correlational method of investigation. The study population comprised 84 shipping companies in Rivers State. The researcher used a census method and administered structured questionnaire to operations manager, compliance manager, and information technology coordinator of the shipping companies. Pearson Product Moment Correlation was employed to test the hypotheses relying on Statistical Package for the Social Sciences (SPSS), version 25.0. The study revealed positive and statistically significant correlation risk assessment and measures of supply chain resilience. Thus, the study concluded that risk assessment has positive significant correlation with supply chain resilience of shipping companies in Rivers State, and recommends that shipping companies in Rivers State should institutionalize risk assessment procedures to enhance operational flexibility; and also integrate risk assessment outcomes into cost-control strategies to improve their overall supply chain resilience.
Keywords: Cost reduction, flexibility, supply chain resilience, risk assessment.