www.tjprc.org SCOPUS Indexed Journal editor@tjprc.org SUPPLY CHAIN RISK MANAGEMENT-A LITERATURE REVIEW Assistant Professor, Department of International Business, PSG College of Arts & Science, Coimbatore, India Assistant Professor, Department of International Business,PSG College of Arts & Science, Coimbatore, India Student of M.com International Business, PSG College of Arts & Science, Coimbatore, India Student of M.com International Business, PSG College of Arts & Science, Coimbatore, India Student of M.com International Business, PSG College of Arts & Science, Coimbatore, India ABSTRACT Supply Chain Risk Management has been increasingly paid attention by most of the researchers, and industrialist. This has become more popularity area of research. This paper aims at comprehensive literature survey the paper supply chain risk management published in relevant journals between 2010 and 2019. This literature survey is classified into five categories: empirical, conceptual, case study, descriptive, and exploratory. Further this study has also focused on the supply chain risk types and various mitigation strategies. This literature review will provide the basis for the outline future research opportunities in this field. KEYWORDS: Supply Chain Risk Management, Literature Survey Received: Jun 09, 2020; Accepted: Jun 29, 2020; Published: Sep 21, 2020; Paper Id.: IJMPERDJUN20201357 1. INTRODUCTION In the past, the supply chain vulnerability has affected the performance ofmany companies irrespective of size. For Instance,in late 1980s, many manufacturing firms had executed various plans to improve their supply chain efficiency that to multiple sources,andcollaboration. This helped reducing the operational cost, increase revenues, improve quality and reduce lead time. Their attempt was not up to the standard and it further transformed their supply chain into more complex than before (Craighead et al., 2007, Sodhi et al., 2012). The early 21 st century has marked the major supply chain disruption that have accentuated vulnerabilities for individual firms and for the whole global industries- in late 2000, Ericsson the Swedish telecom company reported that the year-end losses of $2.34 billion for the cellular phone division is due to its supplier’s factory caught on fire, in 2001 due to supplier’s bankruptcy Land Rover discharged 1400 employees from their job, in 2006, Dell cancelled order for four million notebook batteries which was manufactured by Sony due to fire accident (Chopra and Sodhi., 2004; Christopher, 2004; and Sodhi et al., 2012). Thus, World auto industry was shaken by Japanese Tsunami in 2011 for several months. The telecom gear maker Nokia shut down their Chennai plant in 2014 due to no orders from Microsoft (Bijoy, Nokia to shut down its Chennai factory, The Hindu News paper October 2014). These supply chain disruptions have impacted the organizations in a long term as well as created the bad brand image among the society. Statistics revealed that 60 percent of the organizations approved their supply chains are in danger due to disruptions (Sodhi et al., 2012). IBM Supply Chain executives noted Supply Chain Risk Management (SCRM) is a paramount issue for them. Thus, a study conducted by Academy of Management Review (AMR) pointed out 46 percent top Original Article International Journal of Mechanical and Production Engineering Research and Development (IJMPERD) ISSN(P): 2249–6890; ISSN(E): 2249–8001 Vol. 10, Issue 3, Jun 2020, 14217–14232 © TJPRC Pvt. Ltd. HARIHARAN GANESHAN, T BALA MURUGAN, DEEPICA RAJAN, SALMAN ISMAIL HASSAN & DRISHYA S KUMAR