Revisit of Supply Chain Risk Management and Disruption Under the Recent Financial Crisis

Abstract

Supply chain risk management (SCRM) has increasingly become a more favored research area for academicians and practitioners in recent years. SCRM has been considered an important source of competitive advantage and as an effective method of reducing vulnerability in supply chain systems. Supply chain risk and uncertainty and their related potential losses are becoming much larger as the frequency of natural disasters, political and economic instabilities, and unexpected events is gradually rising up in the past decade. The latest earthquake and the subsequent tsunami in Japan along with the current global economic and financial crisis remind us once again the urgent needs for effective risk management in today’s global supply chains. The purpose of this paper is to contribute to an updated and complete understanding of current research on supply chain risk management (SCRM) in such highly uncertain and unstable natural and economic environments. In addition, we also aimed to provide ideas and identify potential research questions and directions for future research.