This book offers a bridge between our current understanding of supply chain risk in practice
and theory and the monumental shifts caused by the emergence of the fourth industrial
revolution. Supply chain risk and its management have experienced significant attention in
scholarship and practice over the past twenty years. Our understanding of supply chain risk and
its many facets such as uncertainty and vulnerability has expanded beyond utilizing
approaches such as deploying inventory to buffer the initial effects of disruptions. Even with
our increased knowledge of supply chain risk being in the era of lean supply chain practices
digitally managed global supply chains and closely interconnected networks firms are exposed
as ever to supply chain uncertainties that can damage or even destroy their ability to
compete in the marketplace. The book acknowledges the criticality of big data analytics in
Supply Chain Risk Management (SCRM) processes and provides appropriate tools and approaches for
creating robust SCRM processes. Revisiting Supply Chain Risk presents a state-of-the-art look
at SCRM through current research and philosophical thought. It is divided into six sections
that highlight established themes as well as provide new insights to developing areas of
inquiry and contexts on the topic. Section 1 examines the first step in managing supply chain
risk risk assessment. The chapters in Section 2 encompass resiliency in supply chains while
Section 3 looks at relational and behavioral perspectives from varying units of analysis
including consortiums teams and decision makers. Section 4 focuses on examining supply chain
risk in the contexts of sustainability and innovation. Section 5 provides insight on emerging
typologies and taxonomies for classifying supply chain risk. The book concludes with Section 6
featuring illustrative case studies as real-world examples in assessing and managing supply
chain risk.
