A supply chain may not be quite as dynamic or complex as capital markets, but when it comes to managing supply chain risk the challenge is, arguably, can be as formidable as managing risk for instruments such as mortgage-backed securities or credit default swaps. Perhaps that is because of all the moving parts that there are in a supply chain, which we define as a network of companies that cooperate to convert ideas into goods or services for their customers. In an ideal world, the interests of these companies are aligned. They adapt to structural shifts in the market, such as currency fluctuations or other economic shifts, and are agile enough to respond quickly to changing supply and demand. But without this ‘Triple-A’ approach[i], risks can become significant and multiply, especially in a global environment. In this article, we highlight those risks and suggest what companies operating in a global environment can do to manage them. (Note: The facts and circumstances of the scenario we below are true; however, the names of the company and key personnel are not).