Transformer-Based Named Entity Recognition in Construction Supply Chain Risk Management in Australia

In the Australian construction industry, effective supply chain risk management (SCRM) is critical due to its complex networks and susceptibility to various risks. This study explores the application of transformer models like BERT, RoBERTa, DistilBERT, ALBERT, and ELECTRA for Named Entity Recognition (NER) in this context. Utilizing these models, we analyzed news articles to identify and classify entities related to supply chain risks, providing insights into the vulnerabilities within this sector. Among the evaluated models, RoBERTa achieved the highest average F1 score of 0.8580, demonstrating its superior balance in precision and recall for NER in the Australian construction supply chain context. Our findings highlight the potential of NLP-driven solutions to revolutionize SCRM, particularly in geo-specific settings.