Supply chain risks encompass economic, environmental, political, ethical, and cybersecurity threats that can disrupt the flow of goods and services within a supply chain network.

Supply chain risk management (SCRM) is the process of finding and addressing potential vulnerabilities in a company’s supply chain. SCRM aims to minimize the impact of these risks on a company's operations, reputation and financial performance.

A systematic process for managing supply chain risk by identifying susceptibilities, vulnerabilities, and threats throughout the supply chain and developing mitigation strategies to combat those threats whether presented by the supplier, the supplies product and its subcomponents, or the supply chain (e.g., initial production, packaging, handling, storage, transport, mission operation, and disposal).

Supply Chain Risk Management - A process of proactively identifying supply chain vulnerabilities to potential disruptions and implementing mitigation strategies and actions to ensure the security, integrity, and uninterrupted flow of products as risks are found, or disruptions occur.