Risk management in international supply chains: geopolitical and geoeconomic dimensions

Abstract

In the current climate of global instability driven by dramatic geopolitical and geoeconomic transformations, international supply chains face numerous risks that significantly impact the continuity and efficiency of logistics processes. Threats such as military conflicts, port blockades, border instability, climate changes, and cyber threats introduce new challenges for companies, particularly Ukrainian ones, which require adaptive strategies to ensure the resilience of their supply chains. The purpose of this study is to systematize key geopolitical and geoeconomic risks affecting international supply chains and to identify optimal approaches to managing these risks under conditions of instability, especially for Ukrainian companies facing heightened threats. The study includes an analysis of global risks based on international scientific literature, specific risks in Ukraine and their impact on import, export, and transit chains, and the development of a generalized risk management model tailored to Ukrainian enterprises. The research identified effective risk management methods such as supply chain diversification, the creation of alternative routes, and the use of insurance mechanisms. A practical case study on risk management in the import of industrial fasteners illustrates the stages of collaboration with forwarders and carriers, partner selection, and response to disruptions, demonstrating approaches that can be used to minimize the impact of risks. The findings provide practical recommendations for Ukrainian companies, highlighting an adaptive approach to risk management that will help them maintain competitiveness and ensure supply chain resilience in a rapidly changing global environment. Future research should focus on integrating digital technologies, such as blockchain, artificial intelligence, and big data analytics, to strengthen the resilience and flexibility of international supply chains.