Supply Chain Planning, 2nd Edition

CHAPTER 4

Supply Chain Risk Management

Introduction

Supply chain risk management (SCRM) has long received qualitative and quantitative evaluation and analysis from both academia and private industry. Frameworks and methodological approaches for incorporating risk management into the general practice of supply chain management abound. This body of work provides invaluable insights and guidance for supply chain professionals challenged with incorporating the appropriate SCRM practices into their own organizations.

In early 2020, the tragic onset of the COVID-19 global pandemic dramatically raised the visibility of SCRM. The sudden disruptions to everyday life, businesses, and supply chains worldwide brought on by the coronavirus forced almost instantaneous ...