Supply chain risk management: present and future scope

Altay, N. and Green, W. (2006), “OR/MS research in disaster operations management”, European Journal of Operational Research, Vol. 175 No. 1, pp. 475‐93. Ananiadou, S., Rea, B., Okazaki, N., Procter, R. and Thomas, J. (2009), “Supporting systematic reviews using text mining”, Social Science Computer Review, Vol. 27 No. 4, pp. 509‐23. Anderberg, M.R. (1973), Cluster Analysis for Applications (Probability and Mathematical Statistics Monograph), Academic Press, New York, NY. Autry, C.W. and Bobbitt, L.M. (2008), “Supply chain security orientation: conceptual development and a proposed framework”, The International Journal of Logistics Management, Vol. 19 No. 1, pp. 42‐64. Badger, D., Nursten, J., Williams, P. and Woodward, M. (2000), “Should all literature reviews be systematic?”, Evaluation and Research in Education, Vol. 14 No. 3, pp. 220‐30. Barbarosoğlu, G., Özdamar, L. and Çevik, A. (2002), “An interactive approach for hierarchical analysis of helicopter logistics in disaster relief operations”, European Journal of Operational Research, Vol. 140 No. 1, pp. 118‐33. Blackhurst, J., Craighead, C.W., Elkins, D. and Handfield, R.B. (2005), “An empirically derived agenda of critical research issues for managing supply‐chain disruptions”, International Journal of Production Research, Vol. 43 No. 19, pp. 4067‐81. Bogataj, D. and Bogataj, M. (2007), “Measuring the supply chain risk and vulnerability in frequency space”, International Journal of Production Economics, Vol. 108 No. 1, pp. 291‐301. Brun, A., Caridi, M., Salama, K. and Ravelli, I. (2006), “Value and risk assessment of supply chain management improvement projects”, International Journal of Production Economics, Vol. 99 No. 2, pp. 186‐201. Cachon, G.P. (2004), “The allocation of inventory risk in a supply chain: push, pull, and advance‐purchase discount contracts”, Management Science, Vol. 50 No. 2, pp. 222‐38. Carter, M.W. and Price, C.C. (2001), Operations Research: A Practical Introduction, CRC Press, Boca Raton, FL. Cavinato, J.L. (2004), “Supply chain logistics risks: from the back room to the board room”, International Journal of Physical Distribution and Logistics Management, Vol. 34 No. 5, pp. 383‐7. Chen, H., Fuller, S.S., Friedman, C. and Hersh, W. (2010), “Knowledge management, data mining, and text mining in medical informatics”, in Chen, H., Fuller, S.S., Friedman, C. and Hersh, W. (Eds), Medical Informatics – Knowledge Management and Data Mining in Biomedicine, Chapter 1, Springer's Integrated Series in Information Systems, Springer, p. 6. Childerhouse, P., Hermiz, R., Mason‐Jones, R., Popp, A. and Towill, D.R. (2003), “Information flow in automotive supply chains – identifying and learning to overcome barriers to change”, Industrial Management and Data Systems, Vol. 103 No. 7, pp. 491‐502. Chopra, S. and Sodhi, M. (2004), “Managing risk to avoid supply chain breakdown”, MIT Sloan Management Review, Vol. 46 No. 1, pp. 53‐61. Christopher, M. and Lee, H. (2004), “Mitigating supply chain risk through improved confidence”, International Journal of Physical Distribution and Logistics Management, Vol. 34 No. 5, pp. 388‐96. Christopher, M. and Peck, H. (2004), “Building the resilient supply chain”, The International Journal of Logistics Management, Vol. 15 No. 2, pp. 1‐14. Christopher, M., Peck, H. and Towill, D. (2006), “A taxonomy for selecting global supply chain strategies”, The International Journal of Logistics Management, Vol. 17 No. 2, pp. 277‐87. Cigolini, R. and Rossi, T. (2010), “Managing operational risks along the oil supply chain”, Production Planning and Control, Vol. 21 No. 5, pp. 452‐67. Clarke, M. and Oxman, A.D. (Eds) (2001), Cochrane Handbook for Systematic Reviews of Interventions, The Cochrane Collaboration, Oxford Library, John Wiley & Sons, Chichester. Colicchia, C. and Strozzi, F. (2012), “Supply chain risk management: a new methodology for a systematic literature review”, Supply Chain Management: An International Journal, Vol. 17 No. 4, pp. 403‐18. Colicchia, C., Dallari, F. and Melacini, M. (2010), “Increasing supply chain resilience in a global sourcing context”, Production Planning and Control, Vol. 21 No. 7, pp. 680‐94. Craighead, C.W., Blackhurst, J., Rungtusanatham, M.J. and Handfield, R.B. (2007), “The severity of supply chain disruptions: design characteristics and mitigation capabilities”, Decision Sciences, Vol. 38 No. 1, pp. 131‐56. Cruzes, D., Basili, V., Shull, F. and Jino, M. (2007), “Automated information extraction from empirical software engineering literature: is that possible?”, First International Symposium on Empirical Software Engineering and Measurement, 20‐21 September, pp. 491‐3. Dani, S. (2008), “Predicting and managing supply chain risks”, in Ritchie, R.L. and Zsidisin, G. (Eds), Supply Chain Risk: A Handbook of Assessment, Management and Performance, Springer, New York, NY, pp. 53‐66. Dani, S. and Deep, A. (2010), “Fragile food supply chains: reacting to risks”, International Journal of Logistics Research and Applications, Vol. 13 No. 5, pp. 395‐410. Datta, P.P., Christopher, M. and Allen, P. (2007), “Agent‐based modelling of complex production/distribution systems to improve resilience”, International Journal of Logistics Research and Applications, Vol. 10 No. 3, pp. 187‐203. Davies, P. (2000), “The relevance of systematic reviews to educational policy and practice”, Oxford Review of Education, Vol. 26 Nos 3/4, pp. 365‐78. Denyer, D. and Tranfield, D. (2009), “Producing a systematic review”, in Buchanan, D. and Bryman, A. (Eds), The Sage Handbook of Organizational Research Methods, Sage Publications Ltd, London, pp. 671‐87. Ermoliev, Y.M., Ermolieva, T.Y., MacDonald, G.J., Norkin, V.I. and Amendola, A. (2000), “A system approach to management of catastrophic risks”, European Journal of Operational Research, Vol. 122 No. 2, pp. 452‐60. Finch, P. (2004), “Case study supply chain risk management”, Supply Chain Management: An International Journal, Vol. 9 No. 2, pp. 183‐96. Gaudenzi, B. and Borghesi, A. (2006), “Managing risks in the supply chain using the AHP method”, The International Journal of Logistics Management, Vol. 17 No. 1, pp. 114‐36. Ghadge, A., Dani, S. and Kalawsky, R. (2010), “A framework for managing risks in the aerospace supply chain using systems thinking”, Proceedings of the 5th International Conference on System of Systems Engineering, IEEE, Loughborough, 22‐24 June. Goh, M., Lim, J.Y.S. and Meng, F. (2007), “A stochastic model for risk management in global supply chain networks”, European Journal of Operational Research, Vol. 182 No. 1, pp. 164‐73. Hallikas, J., Karvonen, I., Pulkkinen, U., Virolainen, V. and Tuominen, M. (2004), “Risk management processes in supplier networks”, International Journal of Production Economics, Vol. 90 No. 1, pp. 47‐58. Hilmola, P., Helo, P. and Holweg, M. (2005), “On the outsourcing dynamics in the electronics sectors: the evolving role of the original design manufacturing”, working paper, University of Cambridge, Cambridge. Hubbard, D. (2007), How to Measure Anything: Finding the Value of Intangibles in Business, John Wiley and Sons, Hoboken, NJ, p. 46. Hubbard, D. (2009), The Failure of Risk Management: Why It's Broken and How to Fix It, John Wiley and Sons, Hoboken, NJ, p. 211. Hung, K.T. and Ryu, S. (2008), “Changing risk preferences in supply chain inventory decisions”, Production Planning and Control, Vol. 19 No. 8, pp. 770‐80. Jiang, B., Baker, R.C. and Frazier, G.V. (2009), “An analysis of job dissatisfaction and turnover to reduce global supply chain risk: evidence from China”, Journal of Operations Management, Vol. 27 No. 2, pp. 169‐84. Jiang, B., Belohlav, J. and Young, S. (2007), “Outsourcing impact on manufacturing firms’ value: evidence from Japan”, Journal of Operations Management, Vol. 25 No. 4, pp. 885‐900. Jonsson, P. (2000), “Towards an holistic understanding of disruptions in operations management”, Journal of Operations Management, Vol. 18 No. 6, pp. 701‐18. Juttner, U., Peck, H. and Christopher, M. (2003), “Supply chain risk management: outlining an agenda for future research”, International Journal of Logistics Research and Applications, Vol. 6 No. 4, pp. 197‐210. Kaya, M. and Özer, Ö. (2009), “Quality risk in outsourcing: non contractible product quality and private quality cost information”, Naval Research Logistics, Vol. 56 No. 7, pp. 669‐85. Khan, O. and Burnes, B. (2007), “Risk and supply chain management: creating a research agenda”, The International Journal of Logistics Management, Vol. 18 No. 2, pp. 197‐216. Khan, O., Christopher, M. and Burnes, B. (2008), “The impact of product design on supply chain risk: a case study”, International Journal of Physical Distribution and Logistics Management, Vol. 38 No. 5, pp. 412‐32. Kleindorfer, P.R. and Saad, G.H. (2005), “Managing disruption risks in supply chains”, Production and Operations Management, Vol. 14 No. 1, pp. 53‐68. Knight, F.H. (1921), Risk, Uncertainty and Profit (Hart, Schaffner, and Marx Prize Essays, No. 31), Houghton Mifflin, Boston, MA and New York, NY, p. 19. Kull, T. and Closs, D. (2008), “The risk of second‐tier supplier failures in serial supply chains: implications for order policies and distributor autonomy”, European Journal of Operational Research, Vol. 186 No. 3, pp. 1158‐74. Lai, G., Debo, L. and Sycara, K. (2009), “Sharing inventory risk in supply chain: the implication of financial constraint”, Omega: The International Journal of Management Science, Vol. 37 No. 4, pp. 811‐25. Lemmer, B., Grellier, R. and Steven, J. (1999), “Systematic review of non‐random and qualitative research literature: exploring and uncovering an evidence base for health visiting and decision making”, Qualitative Health Research, Vol. 9 No. 3, pp. 315‐28. Leopoulos, V.N. and Kirytopoulos, K.A. (2004), “Risk management: a competitive advantage in the purchasing function”, Production Planning and Control, Vol. 15 No. 7, pp. 678‐87. Levary, R.R. (2007), “Ranking foreign suppliers based on supply risk”, Supply Chain Management: An International Journal, Vol. 12 No. 6, pp. 392‐4. Lewis, M. (2003), “Cause, consequence and control: towards a theoretical and practical model of operational risk”, Journal of Operations Management, Vol. 21 No. 2, pp. 205‐24. Lockamy, A. and McCormack, K. (2010), “Analysing risks in supply networks to facilitate outsourcing decisions”, International Journal of Production Research, Vol. 48 No. 2, pp. 593‐611. Mantel, S., Tatikonda, M. and Liao, Y. (2006), “A behavioral study of supply manager decision‐making: factors influencing make versus buy evaluation”, Journal of Operations Management, Vol. 24 No. 6, pp. 822‐38. Manuj, I., Mentzer, J.T. and Bowers, M.R. (2009), “Improving the rigor of discrete‐event simulation in logistics and supply chain research”, International Journal of Physical Distribution and Logistics Management, Vol. 39 No. 3, pp. 172‐201. Matook, S., Lasch, R. and Tamaschke, R. (2009), “Supplier development with benchmarking as part of a comprehensive supplier risk management framework”, International Journal of Operations and Production Management, Vol. 29 No. 3, pp. 241‐67. Mauricio, F.B., Mohammed, Q., Wee, H.M. and Watanabe, K. (2009), “Supply chain risk management (SCRM): a case study on the automotive and electronic industries in Brazil”, Supply Chain Management: An International Journal, Vol. 14 No. 4, pp. 247‐52. Mingers, J. and White, L. (2010), “A review of the recent contribution of systems thinking to operational research and management science”, European Journal of Operational Research, Vol. 207 No. 3, pp. 1147‐61. Natarajarathinam, M., Capar, I. and Narayanan, A. (2009), “Managing supply chains in times of crisis: a review of literature and insights”, International Journal of Physical Distribution and Logistics Management, Vol. 39 No. 7, pp. 535‐73. (Noel) Bryson, K., Millar, H., Joseph, A. and Mobolurin, A. (2002), “Using formal MS/OR modeling to support disaster recovery planning”, European Journal of Operational Research, Vol. 141 No. 3, pp. 679‐88. Papadakis, I.S. (2006), “Financial performance of supply chains after disruptions an event study”, Supply Chain Management: An International Journal, Vol. 11 No. 1, pp. 25‐33. Peck, H. (2005), “Drivers of supply chain vulnerability: an integrated framework”, International Journal of Physical Distribution and Logistics Management, Vol. 35 No. 4, pp. 210‐32. Peck, H. (2006), “Reconciling supply chain vulnerability, risk and supply chain management”, International Journal of Logistics Research and Applications, Vol. 9 No. 2, pp. 127‐42. Perry, M. (2007), “Natural disaster management planning: a study of logistics managers responding to the tsunami”, International Journal of Physical Distribution and Logistics Management, Vol. 37 No. 5, pp. 409‐33. Ponomarov, S.Y. and Holcomb, M.C. (2009), “Understanding the concept of supply chain resilience”, The International Journal of Logistics Management, Vol. 20 No. 1, pp. 124‐43. Ponsporrata, A., Berlangallavori, R. and Ruizshulcloper, J. (2007), “Topic discovery based on text mining techniques”, Information Processing and Management, Vol. 43 No. 3, pp. 752‐68. Rao, S. and Goldsby, T.J. (2009), “Supply chain risks: a review and typology”, The International Journal of Logistics Management, Vol. 20 No. 1, pp. 97‐123. Richey, R.G. Jr (2009), “The supply chain crisis and disaster pyramid: a theoretical framework for understanding preparedness and recovery”, International Journal of Physical Distribution and Logistics Management, Vol. 39 No. 7, pp. 619‐28. Ritchie, B. and Brindley, C. (2007), “Supply chain risk management and performance: a guiding framework for future development”, International Journal of Operations and Production Management, Vol. 27 No. 3, pp. 303‐22. Rousseau, D.M., Manning, J. and Denyer, D. (2008), “Evidence in management and organizational science: assembling the field's full weight of scientific knowledge through syntheses”, The Academy of Management Annals, Vol. 2 No. 1, pp. 475‐515. Rowe, W.D. (1980), “Risk assessment: approaches and methods”, in Conrad, J. (Ed.), Society, Technology and Risk Assessment, Academic Press, London, p. 343. Satty, T.L. (1990), “How to make a decision: the analytic hierarchy process”, European Journal of Operations Research, Vol. 48 No. 1, pp. 9‐26. Sheffi, Y. (2005), “A supply chain view of the resilient enterprise a supply chain view of the resilient enterprise”, MIT Sloan Management Review, Vol. 47 No. 1, pp. 41‐9. Sodhi, M.S. (2005), “Managing demand risk in tactical supply chain planning for a global consumer electronics company”, Production and Operations Management, Vol. 14 No. 1, pp. 69‐79. Sodhi, M.S., Son, B.‐G. and Tang, C.S. (2012), “Researchers’ perspectives on supply chain risk management”, Production and Operations Management, Vol. 21 No. 1, pp. 1‐13. Stefanovic, D., Stefanovic, N. and Radenkovic, B. (2009), “Supply network modelling and simulation methodology”, Simulation Modelling Practice and Theory, Vol. 17 No. 4, pp. 743‐66. Svensson, G. (2000), “A conceptual framework for the analysis of vulnerability in supply chains”, International Journal of Physical Distribution and Logistics Management, Vol. 30 No. 9, pp. 731‐50. Svensson, G. (2002), “A conceptual framework of vulnerability in firms’ inbound and outbound logistics flows”, International Journal of Physical Distribution and Logistics Management, Vol. 32 No. 2, pp. 110‐34. Tang, C. (2006a), “Robust strategies for mitigating supply chain disruptions”, International Journal of Logistics Research and Applications, Vol. 9 No. 1, pp. 33‐45. Tang, C. (2006b), “Perspectives in supply chain risk management”, International Journal of Production Economics, Vol. 103 No. 2, pp. 451‐88. Tang, C. and Tomlin, B. (2008), “The power of flexibility for mitigating supply chain risks”, International Journal of Production Economics, Vol. 116 No. 1, pp. 12‐27. Tang, O. and Musa, S. (2010), “Identifying risk issues and research advancements in supply chain risk management”, International Journal of Production Economics, Vol. 133 No. 1, pp. 25‐34. Torgerson, C. (2003), Systematic Reviews, Continuum, London. Tranfield, D., Denyer, D. and Smart, P. (2003), “Towards a methodology for developing evidence‐informed management knowledge by means of systematic review”, British Journal of Management, Vol. 14 No. 3, pp. 207‐22. Trkman, P. and Mccormack, K. (2009), “Supply chain risk in turbulent environments – a conceptual model for managing supply chain network risk”, International Journal of Production Economics, Vol. 119 No. 2, pp. 247‐58. Urciuoli, L. (2010), “Supply chain security – mitigation measures and a logistics multi‐layered framework”, Journal of Transportation Security, Vol. 3 No. 1, pp. 1‐28. Vanany, I., Zailani, S. and Pujawan, N. (2009), “Supply chain risk management: literature review and future research”, Int. Journal of Information Systems and Supply Chain Management, Vol. 2 No. 1, pp. 16‐33. Vorst, J.G.A.J. and Beulens, A.J.M. (2002), “Identifying sources of uncertainty to generate supply chain redesign strategies”, International Journal of Physical Distribution and Logistics Management, Vol. 32 No. 6, pp. 409‐30. Vorst, J.G.A.J., Beulens, A.J.M., Wit, W. and Beek, P. (1998), “Supply chain management in food chains: improving performance by reducing uncertainty”, International Transactions in Operational Research, Vol. 5 No. 6, pp. 487‐99. Wagner, S.M. and Bode, C. (2006), “An empirical investigation into supply chain vulnerability”, Journal of Purchasing and Supply Management, Vol. 12 No. 6, pp. 301‐12. Wagner, S.M., Bode, C. and Koziol, P. (2009), “Supplier default dependencies: empirical evidence from the automotive industry”, European Journal of Operational Research, Vol. 199 No. 1, pp. 150‐61. Wakolbinger, T. and Cruz, J.M. (2011), “Supply chain disruption risk management through strategic information acquisition and sharing and risk‐sharing contracts”, International Journal of Production Research, Vol. 49 No. 13, pp. 4063‐84. Williams, Z., Lueg, J.E. and LeMay, S.A. (2008), “Supply chain security: an overview and research agenda”, The International Journal of Logistics Management, Vol. 19 No. 2, pp. 254‐81. Wilson, M.C. (2007), “The impact of transportation disruptions on supply chain performance”, Transportation Research Part E: Logistics and Transportation Review, Vol. 43 No. 4, pp. 295‐320. Wu, T., Blackhurst, J. and O'grady, P. (2007), “Methodology for supply chain disruption analysis”, International Journal of Production Research, Vol. 45 No. 7, pp. 1665‐82. Yang, J., Qi, X. and Yu, G. (2005), “Disruption management in production planning”, Naval Research Logistics, Vol. 52 No. 5, pp. 420‐42. Zsidisin, G.A. (2003a), “A grounded definition of supply risk”, Journal of Purchasing and Supply Management, Vol. 9 No. 5, pp. 217‐24. Zsidisin, G.A. (2003b), “Managerial perceptions of supply risk”, The Journal of Supply Chain Management, Vol. 39 No. 1, pp. 14‐26. Zsidisin, G.A., Panelli, A. and Upton, R. (2000), “Purchasing organisation involvement in risk assessments, contingency plans and risk management: an exploratory study”, Supply Chain Management: An International Journal, Vol. 5 No. 4, pp. 187‐97. Zsidisin, G.A., Ellram, L.M., Carter, J.R. and Cavinato, J.L. (2004), “An analysis of supply risk assessment techniques”, International Journal of Physical Distribution and Logistics Management, Vol. 34 No. 5, pp. 397‐413. Agrell, P. (2004), “Risk, information and incentives in telecom supply chains”, International Journal of Production Economics, Vol. 90 No. 1, pp. 1‐16. Babich, V. (2006), “Vulnerable options in supply chains: effects of supplier competition”, Naval Research Logistics, Vol. 53 No. 7, pp. 656‐73. Braunscheidel, M.J. and Suresh, N.C. (2009), “The organizational antecedents of a firm's supply chain agility for risk mitigation and response”, Journal of Operations Management, Vol. 27 No. 2, pp. 119‐40. Chappell, A. and Peck, H. (2006), “Risk management in military supply chains: is there a role for six sigma?”, International Journal of Logistics Research and Applications, Vol. 9 No. 3, pp. 253‐67. Chen, F.Y. and Yano, C.A. (2010), “Improving supply chain performance and managing risk under weather‐related demand uncertainty”, Management Science, Vol. 56 No. 8, pp. 1380‐97. Choi, T. and Krause, D. (2006), “The supply base and its complexity: implications for transaction costs, risks, responsiveness, and innovation”, Journal of Operations Management, Vol. 24 No. 5, pp. 637‐52. Chopra, S., Reinhardt, G. and Mohan, U. (2007), “The importance of decoupling recurrent and disruption risks in a supply chain”, Naval Research Logistics, Vol. 54 No. 5, pp. 544‐55. Cousins, P.D., Lamming, R.C. and Bowen, F. (2004), “The role of risk in environment‐related supplier initiatives”, International Journal of Operations and Production Management, Vol. 24 No. 6, pp. 554‐65. Ellegaard, C. (2008), “Supply risk management in a small company perspective”, Supply Chain Management: An International Journal, Vol. 13 No. 6, pp. 425‐34. Ellis, S.C., Henry, R.M. and Shockley, J. (2009), “Buyer perceptions of supply disruption risk: a behavioral view and empirical assessment”, Journal of Operations Management, Vol. 28 No. 1, pp. 34‐46. Gan, X., Sethi, S.P. and Yan, H. (2004), “Coordination of supply chains with risk‐averse agents”, Production and Operations Management, Vol. 13 No. 2, pp. 135‐49. Giaglis, G.M., Minis, I., Tatarakis, A. and Zeimpekis, V. (2004), “Minimizing logistics risk through real‐time vehicle routing and mobile technologies: research to date and future trends”, International Journal of Physical Distribution and Logistics Management, Vol. 34 No. 9, pp. 749‐64. Giunipero, L.C. and Eltantawy, R.A. (2003), “Securing the upstream supply chain: a risk management approach”, International Journal of Physical Distribution and Logistics Management, Vol. 34 No. 9, pp. 698‐713. Hale, T. and Moberg, C.R. (2005), “Improving supply chain disaster preparedness: a decision process for secure site location”, International Journal of Physical Distribution and Logistics Management, Vol. 35 No. 3, pp. 195‐207. Hendricks, K.B. and Singhal, V.R. (2003), “The effect of supply chain glitches on shareholder wealth”, Journal of Operations Management, Vol. 21 No. 5, pp. 501‐22. Hendricks, K.B., Singhal, V.R. and Zhang, R. (2009), “The effect of operational slack, diversification, and vertical relatedness on the stock market reaction to supply chain disruptions”, Journal of Operations Management, Vol. 27 No. 3, pp. 233‐46. Hoenig, D. (2009), “An empirical analysis of supply chain risk management in the German automotive industry”, International Journal of Production Economics, Vol. 131 No. 1, pp. 242‐9. Hult, G.T.M. and Craighead, C.W. (2010), “Risk uncertainty and supply chain decisions: a real options perspective”, Decision Sciences, Vol. 41 No. 3, pp. 435‐58. Jia, F. and Rutherford, C. (2010), “Mitigation of supply chain relational risk caused by cultural differences between China and the West”, The International Journal of Logistics Management, Vol. 21 No. 2, pp. 251‐70. Juttner, U. (2005), “Supply chain risk management – understanding the business requirements from a practitioner perspective”, The International Journal of Logistics Management, Vol. 16 No. 1, pp. 120‐41. Knemeyer, A.M., Zinn, W. and Eroglu, C. (2009), “Proactive planning for catastrophic events in supply chains”, Journal of Operations Management, Vol. 27 No. 2, pp. 141‐53. Laeequddin, M., Waheed, K.A. and Sahay, V. (2009), “Supply chain partners’ trust building process through risk evaluation: the perspectives of UAE packaged food industry parties”, Supply Chain Management: An International Journal, Vol. 14 No. 4, pp. 280‐90. Lambert, D.M. and Pohlen, T.L. (2001), “Supply chain metrics”, The International Journal of Logistics Management, Vol. 12 No. 1, pp. 1‐19. Lee, R.P. and Johnson, J.L. (2010), “Managing multiple facets of risk in new product alliances”, Decision Sciences, Vol. 41 No. 2, pp. 271‐300. Li, J., Wang, S. and Cheng, T.C.E. (2010), “Competition and cooperation in a single‐retailer two‐supplier supply chain with supply disruption”, International Journal of Production Economics, Vol. 124 No. 1, pp. 137‐50. Liu, Z. and Nagurney, A. (2011), “Supply chain outsourcing under exchange rate risk and competition”, Omega: The International Journal of Management Science, Vol. 39 No. 5, pp. 539‐49. Manuj, I. and Mentzer, J.T. (2008), “Global supply chain risk management strategies”, International Journal of Physical Distribution and Logistics Management, Vol. 38 No. 3, pp. 192‐223. Mudrageda, M. and Murphy, F.H. (2006), “Designing safety space in a supply chain to handle system‐wide disruptions”, Naval Research Logistics, Vol. 54 No. 3, pp. 258‐64. Nagurney, A., Cruz, J., Dong, J. and Zhang, D. (2005), “Supply chain networks, electronic commerce, and supply side and demand side risk”, European Journal of Operational Research, Vol. 164 No. 1, pp. 120‐42. Neiger, D., Rotaru, K. and Churilov, L. (2009), “Supply chain risk identification with value‐focused process engineering”, Journal of Operations Management, Vol. 27 No. 2, pp. 154‐68. Norrman, A. and Jansson, U. (2004), “Ericsson's proactive supply chain risk management approach after a serious sub‐supplier accident”, International Journal of Physical Distribution and Logistics Management, Vol. 34 No. 5, pp. 434‐56. Oehmen, J., Ziegenbein, A., Alard, R. and Schönsleben, P. (2009), “System‐oriented supply chain risk management”, Production Planning and Control, Vol. 20 No. 4, pp. 343‐61. Ojala, M. and Hallikas, J. (2006), “Investment decision‐making in supplier networks: management of risk”, International Journal of Production Economics, Vol. 104 No. 1, pp. 201‐13. Oke, A. and Gopalakrishnan, M. (2009), “Managing disruptions in supply chains: a case study of a retail supply chain”, International Journal of Production Economics, Vol. 118 No. 1, pp. 168‐74. Oseibryson, K. and Ngwenyama, O. (2006), “Managing risks in information systems outsourcing: an approach to analyzing outsourcing risks and structuring incentive contracts”, European Journal of Operational Research, Vol. 174 No. 1, pp. 245‐64. Pyke, D. and Tang, C. (2010), “How to mitigate product safety risks proactively? Process, challenges and opportunities”, International Journal of Logistics Research and Applications, Vol. 13 No. 4, pp. 243‐56. Ravindran, A.R., Bilsel, R.U., Wadhwa, V. and Yang, T. (2010), “Risk adjusted multicriteria supplier selection models with applications”, International Journal of Production Research, Vol. 48 No. 2, pp. 405‐24. Sanchez‐Rodrigues, V., Potter, A. and Naim, M.M. (2010), “Evaluating the causes of uncertainty in logistics operations”, The International Journal of Logistics Management, Vol. 21 No. 1, pp. 45‐64. Scheller‐Wolf, A. and Tayur, S. (2009), “Risk sharing in supply chains using order bands – analytical results and managerial insights”, International Journal of Production Economics, Vol. 121 No. 2, pp. 715‐27. Sheffi, Y. (2001), “Supply chain management under the threat of international terrorism”, The International Journal of Logistics Management, Vol. 12 No. 2, pp. 1‐11. Sinha, P.J., Whitman, L.E. and Malzahn, D. (2004), “Methodology to mitigate supplier risk in an aerospace supply chain”, Supply Chain Management: An International Journal, Vol. 9 No. 2, pp. 154‐68. Skipper, J.B. and Hanna, J.B. (2009), “Minimizing supply chain disruption risk through enhanced flexibility”, International Journal of Physical Distribution and Logistics Management, Vol. 39 No. 5, pp. 404‐27. Sounderpandian, J., Prasad, S. and Madan, M. (2008), “Supplies from developing countries: optimal order quantities under loss risks”, Omega: The International Journal of Management Science, Vol. 36 No. 1, pp. 122‐30. Spekman, R.E. and Davis, E.W. (2004), “Risky business: expanding the discussion on risk and the extended enterprise”, International Journal of Physical Distribution and Logistics Management, Vol. 34 No. 5, pp. 414‐33. Tapiero, C. (2007), “Consumers risk and quality control in a collaborative supply chain”, European Journal of Operational Research, Vol. 182 No. 2, pp. 683‐94. The ABS Journal Guide (2011), “ABS academic journal quality guide version 4”, available at: www.associationofbusinessschools.org/node/1000257 (accessed 25 September 2012). Tomlin, B. (2006), “On the value of mitigation and contingency strategies for managing supply chain disruption risks”, Management Science, Vol. 52 No. 5, pp. 639‐57. Tomlin, B. (2009), “Disruption‐management strategies for short life‐cycle products”, Naval Research Logistics, Vol. 56 No. 4, pp. 318‐47. Towill, D.R. (2005), “The impact of business policy on bullwhip induced risk in supply chain management”, International Journal of Physical Distribution and Logistics Management, Vol. 35 No. 8, pp. 555‐75. Wagner, S.M. and Neshat, N. (2010), “Assessing the vulnerability of supply chains using graph theory”, International Journal of Production Economics, Vol. 126 No. 1, pp. 121‐9. Wang, C.X. and Webster, S. (2007), “Channel coordination for a supply chain with a risk‐neutral manufacturer and a loss‐averse retailer”, Decision Sciences, Vol. 38 No. 3, pp. 361‐89. Xiao, T. and Yang, D. (2008), “Price and service competition of supply chains with risk‐averse retailers under demand uncertainty”, International Journal of Production Economics, Vol. 114 No. 1, pp. 187‐200. Yang, B. and Yang, Y. (2010), “Postponement in supply chain risk management: a complexity perspective”, International Journal of Production Research, Vol. 48 No. 7, pp. 1901‐12. Yang, Z., Aydin, G., Babich, V. and Beil, D. (2008), “Supply disruptions, asymmetric information, and a backup production option”, Management Science, Vol. 55 No. 2, pp. 192‐209. Yu, H., Zeng, A. and Zhao, L. (2009), “Single or dual sourcing: decision‐making in the presence of supply chain disruption risks”, Omega: The International Journal of Management Science, Vol. 37 No. 4, pp. 788‐800.