The purpose of this paper is to introduce a structured and systematic approach to enumerate SC risks, and to assess their severity and likelihood, so that risk mitigation plans can be developed and implemented. As such, this paper makes an important contribution to the area of supply chain risk management, and highlights an approach to manage these risks. It continues the tradition of recent academic research and industry reports, which have stressed the importance of supply chain risk management, as well as the development of approaches for its management (e.g. Blos et al., 2009; Manuj and Mentzer, 2008; Shaer and Goedhart, 2009).