Risk Management and the Supply Chain Research Paper

Risk Management and the Supply Chain - Research Paper ExampleAccording to the research findings, it can, therefore, be said that improbability in an occurrence of unknown-unknown risk is considered a damaging factor to supply chain of organizations. For instance, these occurrences are attributed various natural disasters, which include earthquakes and hurricanes. A significant aspect of unknown risk is consequences that cannot be predetermined; through they have adverse effects on the supply chain of an organization. For example, the earthquake is a type of unknown risk, which occurred in Japan on March 11, 2010, leading to the devastation of infrastructures that supported supply chain in the country. In this case, this unknown risk interrupted the power systems and destroyed infrastructures by dumping debris on roads, which interfered with the transport system. Seemingly, this earthquake led to a significant interruption of a supply chain, which is associated with numerous Japanese companies.