ABSTRACT
Risk has been studied in business scholarship for quite some time now. However, within the field of supply chain management, this line of inquiry is arguably in the growth stage. Most research on supply chain risk in the prior millennium focused on providing certain service levels through inventory management (minimizing stock-outs) or determining when to use one or multiple suppliers. However, understanding and managing supply chain risk in a broader sense, and utilizing empirical approaches to do so, has only emerged with changing business practices and world events starting at the turn of the 21st century.
