Supply Chain Risk
From Open Risk Manual
Definition
Supply Chain Risk is any Risk that might adversely impact a Physical Supply Chain (disrupt its function). Such risk events are typically not new risk types but rather the subset of risk categories that have particularly disruptive impact in the supply chain context. Supply Chain Risk can thus be thought of as type of Contagion Risk
Supply Chain Risk Identification
In common with standard Risk Management analytic procedure, Risk Identification is the first step in manageing supply chain risks. A general supply chain Risk Taxonomy comprises of
- Natural Disasters
- Accidents
- Energy Risk
- Product Integrity
- Physical Supply Security (Theft)
- Cybersecurity
- Political Risk
- Performance Risk
- Financial Risks associated with the Financial Supply Chain
Supply chains, being economic activities, are affected by broader Macroeconomic Factors
