Supply chain risks: a review and typology
The International Journal of Logistics Management
ISSN: 0957-4093
Article publication date: 22 May 2009
Abstract
Purpose
The purpose of this paper is to review the growing literature examining supply chain risk management (SCRM) and to develop a typology of risks in the supply chain.
Design/methodology/approach
The paper draws its insights and conclusions from a review of the literature on supply chain risk, and a synthesis of the broader domain of risk management.
Findings
While the literature on SCRM is growing, the literature lacks an organized structure for the sources of supply chain risk. The current paper bridges this gap by synthesizing the diverse literature into a typology of risk sources, consisting of environmental factors, industry factors, organizational factors, problem‐specific factors, and decision‐maker related factors.
Practical implications
The paper devises a typology that can be used by managers to measure and assess the vulnerabilities of their company and supply chain. The typology also provides avenues for future research that further guides practitioners in the management of their supply chain risk portfolio.
Originality/value
SCRM is rapidly developing into a favored research area for academicians as well as practitioners, especially after the attacks of September 11 and the recent array of natural disasters. This paper develops a methodology for structuring academic inquiry in this important research area.
Keywords
Citation
Rao, S. and Goldsby, T.J. (2009), "Supply chain risks: a review and typology", The International Journal of Logistics Management, Vol. 20 No. 1, pp. 97-123. https://doi.org/10.1108/09574090910954864
Publisher
:Emerald Group Publishing Limited
Copyright © 2009, Emerald Group Publishing Limited