Abstract

NAUDE, Micheline J.  and  NAUDE, Rodney T.. A proposed risk framework as a tool for sustainability for the South African wine industry. S. Afr. j. econ. manag. sci. [online]. 2022, vol.25, n.1, pp.1-11. ISSN 2222-3436.  http://dx.doi.org/10.4102/sajems.v25i1.4235.

AIM: There is an existing gap in the literature that addresses the importance of risk management as a tool for sustainability in the winemaker's activities and operations. The purpose of this article is to propose a risk management framework for the South African wine industry that can be used as a tool for sustainability. SETTING: The study comprised 10 participants at five wine-producing estates located in the five different wine-growing areas within the Stellenbosch region. METHOD: The study is exploratory in nature, adopting a case study approach. Interviews with wine producers in the Stellenbosch region of the Western Cape province of South Africa were conducted in order to identify the various risks they face. RESULT: A thematic analysis was used to analyse the data. The four steps of risk management were used as a reference point and to underpin the proposed risk management framework. The study was done using the Supply Chain Operations Reference model, which is divided into six process categories, namely plan, source, make, deliver, return and enable. CONCLUSION: The article makes a twofold contribution. Firstly, wine producers might use the proposed framework to identify and mitigate their risks and thus as a tool for sustainability. Secondly, the proposed framework is expected to contribute to the existing body of knowledge on risk management and sustainability.

Keywords : sustainability; risks; risk management; risk management framework; wine producers.

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