A Systematic Review on Supply Chain Risk Management: Issues, Challenges, and Future Agenda

Abstract

Continuous expansion of knowledge in supply chain management demands consolidated instead of dispersed information for decision-makers. The study undertakes a systematic literature review to provide an up-to-date look into Supply Chain Risk Management through the syntheses of the most recent report based on evidence. This review further classifies gaps in the literature and provides directions for future research. Considering the previous systematic reviews, this study employs the established method of 'Systematic Review' to review the articles that have been published comprehensively in high-impact factor journals over the last five years. This study provides a conceptual framework to comprehend various risks that can make a firm's supply chain vulnerable. The study's findings suggest that integrated supply chain risk is the most crucial risk to identify, assess, mitigate and monitor due to the extended nature of global supply chains. It is also concluded that the supplier-related risk is also essential to be recognized and shall be treated accordingly. The study also provides vital tools to diagnose and mitigate risk factors in the supply chain and its management based on the identified gaps.