Systematic Review Of Risk Management Strategies In Rebar Procurement And Supply Chain Within The Construction Industry

Abstract

The construction industry, with its complex supply chains and critical reliance on rebar for reinforced concrete structures, faces significant challenges in managing the diverse risks associated with rebar procurement. This systematic review, drawing from 52 articles published between 2010 and 2024, identifies key risk areas impacting rebar procurement, encompassing financial, operational, and environmental dimensions. Financial risks, including price volatility and currency fluctuations, are exacerbated by global economic conditions and evolving trade policies. Although less addressed in the literature, environmental risks highlight the increasing need for sustainable procurement practices, considering the carbon footprint and resource intensity tied to rebar production and transport. Despite these advancements, a notable gap exists regarding the integration of environmental considerations within existing procurement risk frameworks, with limited research on green procurement practices for rebar. As environmental sustainability becomes increasingly prioritized, incorporating eco-friendly supplier selection and reducing emissions in logistics are expected to redefine risk management in the industry. This review not only underscores the multi-layered risks in rebar procurement but also identifies future avenues for innovation, particularly in sustainability-focused strategies, digital transformation, and predictive analytics, which can bolster resilience in the rebar supply chain and drive forward the construction industry’s risk management practices.