The Impact of Construction Industry Supply Chain Risk Management for Imported Items Due to The Economic Crisis; Contractors' Perspective in Sri Lanka

• Published in: Moratuwa Engineering Research Conference pp. 55 - 60
• Main Authors: Thejani, Dilki Nadeesha, Vithana, Nadeesha Dilhani Igala
• Format: Conference Proceeding
• Language: English
• Published: IEEE 08.08.2024
• Subjects: Construction industry; Costs; Economic crisis; Faces; Finance; Imported items; Interviews; Risk management; Risks; Statistical analysis; Supply chain; Supply chain management; Supply chains; Surveys
• ISSN: 2691-364X
• DOI: 10.1109/MERCon63886.2024.10688619

Supply chain management integrates suppliers, manufacturers, retailers, and warehouses to efficiently produce, distribute, and maintain products at the right times and quantities. The Sri Lankan construction industry faces unexpected risks due to the economic crisis, particularly in the supply chain for imported items. This study investigates these risks, and their impact on contractors, and aims to identify effective risk management strategies to prevent such disruptions. While achieving the objectives, both quantitative and qualitative approaches were followed. The data for the study was collected through closed-ended questions using a survey and semi-structured interviews were carried out to find further information. The quantitative analysis has been done using the Relative Importance Index (RII) and qualitative analysis has been done using content analysis. Based on this study, identified that the economic crisis of Sri Lanka has impacted the supply chain for imported items in the construction industry such as mainly the impact of local taxes and charges, price increasing rapidly for import items, and due to that it has affected the constructors such as cost overrun, loss of profit. The study suggests that Sri Lanka should focus on manufacturing quality and standard items to mitigate the impact of the current economic crisis and prevent future similar situations.