Sustainability.docx 1 Sustainability Related Supply Chain Name Institutional Affiliat

Sustainability.docx    1 Sustainability Related Supply Chain  Name  Institutional Affiliation  Sustainability Related Supply Chain  Statement of the Authors™ Purpose  Hofmann, Busse, Bode, & Henke (2014) in Sustainabilityrelated supply chain risks: Conceptualization and Management purpose is to identify and highlight some of the most common sustainability risks related to the supply chain model. The authors also conceptualize and manage the issues to provide solutions for organizations that are faced with risks in the supply chain model. Any issue on any part of the supply chain affects the entire process. This, in turn, affects the firm™s ability to maximize its profits both in the short-term and in the long-term. Problems in the supply chain can either be ethical, environmental, or social.  Application of Supply Chain Management Theory in the Article  The single most important issue here is the management of the stakeholders who are actively involved in the supply chain process. Stakeholders are all crucial entities or groups that are directly affected by the supply chain as they own the commodities manufactured by the organizations (Hofmann et al., 2014). Stakeholders include suppliers, retailers, distributors, and consumers. The functionality of the supply chain model and its effective management reduces the risk of loss for all stakeholders why expect goods or services to reach them in the right quantity and the proper condition. This justifies why the executive team must liaise with the s