Framework for Supply Chain Risk Management

Companies are increasingly dependent on their fellow supply chain members. Supply chains, rather than companies, compete against each other. Risk awareness is simultaneously increasingly necessary since the business environment is characterized by globalization and amplified efficiency requirements. Risk management needs to take a supply chain perspective, in the form of supply chain risk management (SCRM).The overall aim of this article is to further the understanding for supply chain risk management. A framework for SCRM is constructed that includes steps from prerequisites to implementation. A representative case study (Finnlines Plc HansaLink) assesses the applicability of the framework.