Manufacturing SME risk management in the era of digitalisation and artificial intelligence: a systematic literature review
Sotamaa, Tero; Reiman, Arto; Kauppila, Osmo (2024-07-05)
Emerald
05.07.2024
Sotamaa, T., Reiman, A. and Kauppila, O. (2025), "Manufacturing SME risk management in the era of digitalisation and artificial intelligence: a systematic literature review", Continuity & Resilience Review, Vol. 7 No. 1, pp. 1-28. https://doi.org/10.1108/CRR-12-2023-0022
https://creativecommons.org/licenses/by/4.0/
© 2024, Tero Sotamaa, Arto Reiman and Osmo Kauppila. Published by Emerald Publishing Limited. This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at http://creativecommons.org/licences/by/4.0/legalcode.
https://creativecommons.org/licenses/by/4.0/
© 2024, Tero Sotamaa, Arto Reiman and Osmo Kauppila. Published by Emerald Publishing Limited. This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at http://creativecommons.org/licences/by/4.0/legalcode.
https://creativecommons.org/licenses/by/4.0/
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:oulu-202501031040
https://urn.fi/URN:NBN:fi:oulu-202501031040
Tiivistelmä
Abstract
Purpose
The purpose of this paper is to explore companies’ business risks and challenges across macro- and micro-environments, as well as how small and medium-sized enterprises (SMEs) can benefit from digital technologies, including artificial intelligence (AI), as part their risk-management (RM) strategies in the face of recent disruptive events.
Design/methodology/approach
We perform a literature review on risk management and business continuity (BC) in the context of SMEs, both in general and specifically in the manufacturing sector.
Findings
The critical importance of RM and BC for SMEs is highlighted. The review underscores the significant impact of recent disruptions on SMEs and reveals a range of risk factors affecting their BC. Moreover, the review recognises how SMEs, in general, and manufacturing SMEs, in particular, can benefit from using digital technologies and AI as essential components of their RM.
Originality/value
The review highlights transformative role of digital technologies and AI in enhancing RM. Through a systematic classification of risk factors within macro- and micro-environments, this novel approach provides a structured foundation for future research. It provides practical value by enabling SMEs to integrate dynamic capabilities and adaptive capacities through the adaption of digital technologies and AI into their RM.
Purpose
The purpose of this paper is to explore companies’ business risks and challenges across macro- and micro-environments, as well as how small and medium-sized enterprises (SMEs) can benefit from digital technologies, including artificial intelligence (AI), as part their risk-management (RM) strategies in the face of recent disruptive events.
Design/methodology/approach
We perform a literature review on risk management and business continuity (BC) in the context of SMEs, both in general and specifically in the manufacturing sector.
Findings
The critical importance of RM and BC for SMEs is highlighted. The review underscores the significant impact of recent disruptions on SMEs and reveals a range of risk factors affecting their BC. Moreover, the review recognises how SMEs, in general, and manufacturing SMEs, in particular, can benefit from using digital technologies and AI as essential components of their RM.
Originality/value
The review highlights transformative role of digital technologies and AI in enhancing RM. Through a systematic classification of risk factors within macro- and micro-environments, this novel approach provides a structured foundation for future research. It provides practical value by enabling SMEs to integrate dynamic capabilities and adaptive capacities through the adaption of digital technologies and AI into their RM.
Kokoelmat
- Avoin saatavuus [38841]
Ellei muuten mainita, aineiston lisenssi on https://creativecommons.org/licenses/by/4.0/