ABSTRACT
Global supply chains are exposed to supply chain risk from many sources, including foreign exchange (FX) risk. The purpose of this chapter is to create a framework for examining how firms can transcend beyond utilizing financial instruments and the finance function for managing FX risk. From an analysis of prior studies and frameworks, we argue business functions including purchasing, marketing and legal can serve critical roles in helping organizations manage FX developing and utilizing financing, contracting and operating strategies as part of an overall supply chain risk management approach.
