Supply Risk Management in Small and Medium-Size Enterprises: A Systematic Literature Review

Abstract

This paper reviews the extant literature relating to supply risk and its mitigation strategies in the context of SMEs. A systematic literature review approach using keyword search in the various academic databases was employed to capture, classify and summarise the main body of knowledge on supply risk management in SMEs. The findings reveal that literature of supply risk management focusing on SMEs is very limited at present. The findings also reveal that leveraging network resources is predominantly advocated by the scholars as a measure of mitigating supply risks in SMEs. Based on the findings of the existing literature, the paper also offers recommendations for future research, which can contribute to the literature on supply risk management in SMEs.