A new field has emerged with the field of supply chain mangement. It’s called supply chain risk. What is supply chain risk? Today I will take a closer look at the chapter titled “Managing risk in the supply chain” in Logistics & Supply Chain Management by Christopher Martin, as reviewed in my previous post. A supply chain is often imagined as a streamlined flow from a supplier to a company, from where it flows effortlessly on to a customer. So much for the theory. In reality, the emergence of various supply chain management strategies and practices contribute to considerable chaos within these supply chains, and iIt is not surprising then that supply chains have become vulnerable, where even minor disruptions may result in chain-wide impacts across the whole supply chain. Along with supply chain risk, supply chain vulnerability is also and new and emerging field in the realm of supply chain management.

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