Supply chains have become vital in enabling the smooth movement of material and information in the swiftly changing high-tech industries. By utilising technological innovations like automation and AI, supply chains may improve both safety and effectiveness at every level of the process, from manufacturing to sustainability. The necessity to adjust operations, give the adoption of technology top priority for resilience, and improve supply chain management efficiency. Transformation of the Supply Chain is becoming a choice of subject, when it comes to maintain the ideal inventory levels and Just in Time service deliveries. Both AI and ML are the utmost importance for the maintenance of the inventory or service through the technology. It not only helps in reducing the loss of opportunity costs, but also it resolves the issue of overstocks of any inventory and the enhanced level of service delivery. This ultimately results in the optimum utilization of the resources through the help of technology. Moreover, it is the win-win situation for the customer and provider. Even while technology has only recently begun to be incorporated into supply chains, the manufacturing and distribution sectors have adopted it more quickly, emphasising the need for effective risk identification and mitigation techniques. Notwithstanding the possible advantages of transforming the supply chain, there are obstacles and limitations that make an entire technological shift complex. The chapter also explores the concept explainable AI which can be understood as the set of techniques that makes the decision-making processes of AI systems comprehensible to humans. Acknowledging the inherent complexities and relationships within these chains, the goal of this chapter is to explore risk identification and management in high-tech supply networks. A competent and nimble stakeholder base can manage the complex landscape of the high-tech world through the incorporation of innovative technologies, proactive actions, and constructive alliances.