Supply Chain Risk Management: Literature Review and Future Research

Supply chain risk management has increasingly becoming a more popular research area recently. Various papers, with different focus and approaches, have been published since a few years ago. This paper aims to survey supply chain risk management (SCRM) literature. Paper published in relevant journals from 2000 to 2007 are analysed and classified into five categories: conceptual, descriptive, empirical, exploratory cross-sectional, and exploratory longitudinal. We also looked at the papers in terms of the types of risks, the unit of analysis, the industry sectors, and the risk management process or strategies addressed. The literature review will provide the basis for outlining future research opportunities in this field. IntroductIon The practitioners and scholars believe that the effective supply chain management has become an important enabler to improve organization performance and valuable way of securing competitive advantage (Chirderhouse et al, 2003; Li et al, 2006). The intensifying business competition since 1990s has forced companies to improve efficiency in many aspects of their business. On the other hand, the increasing uncertainty requires them to spend more resources to anticipate for demand, supply, as well as internal uncertainties for better sustainability of their supply chain. Interestingly, such an increasing uncertainty is not solely induced by the external business environments, but also due to increasing complexity of the supply chain structure and varying mechanism