Emerging discipline of Supply Chain Risk Management revolutionizes industry practices
Supply Chain Risk Management is a growing field that focuses on identifying and managing risks in supply chains. The article discusses different types of risks such as strategic, hazard, financial, and operational risks. It also introduces emerging risk management frameworks and tools like probabilistic models and big data analytics. The goal is to help businesses understand and mitigate risks in their supply chains to prevent issues like fraud, corruption, and theft. The article provides insights from risk management leaders and suggests future directions for the field.