Supply Chain Risk Management Market Synopsis

Supply Chain Risk Management Market Size Was Valued at USD 3.46 Billion in 2023, and is Projected to Reach USD 7.68 Billion by 2032, Growing at a CAGR of 9.26% From 2024-2032.

Supply chain risk management (SCRM) is the process of finding and addressing potential vulnerabilities in a company’s supply chain. These internal and external risks can come from various sources, including natural disasters, geopolitical events, supplier bankruptcy, quality issues, and cyberattacks. SCRM aims to minimize the impact of these risks on a company's operations, reputation, and financial performance.

  • Effective supply chain management is crucial for businesses, particularly in the face of today's globalized and intricate supply networks. Companies depend on a vast ecosystem comprising suppliers, manufacturers, distributors, and logistics professionals to deliver products and services globally. Nevertheless, this intricate web of connections also introduces heightened complexity, increasing the vulnerability to supply chain disruptions—a reality underscored by the global COVID-19 pandemic. Such disruptions can impede operations, result in material shortages, tarnish brand reputation, and impact profitability.
  • To counteract these challenges, the implementation of a robust supply chain risk management (SCRM) strategy is paramount. This strategic approach enables companies to fortify their resilience in navigating uncertainties and maintaining uninterrupted business operations. Through proactive preparedness, organizations can either avert or mitigate disruptions, leading to cost reduction, improved quality, and heightened customer satisfaction. SCRM also plays a pivotal role in helping companies adhere to regulations, safeguard their brand reputation, and promote sustainability. In essence, SCRM serves as a proactive measure to steer companies through the complexities of the modern supply chain landscape, ensuring adaptability and sustained success.
  • Supply Chain Risk Management (SCRM) enhances resilience by identifying and preparing for potential risks, ensuring operational continuity, meeting customer demands, and maintaining competitiveness. Additionally, SCRM facilitates cost reduction through waste and inefficiency identification, optimizing inventory levels, and streamlining logistics processes. Quality control and regulatory compliance in the supply chain help prevent costly recalls and legal penalties, safeguarding the company's reputation and fostering customer trust. Early problem identification also mitigates negative publicity, preserving the brand image. In the era of corporate social responsibility and ESG goals, SCRM supports sustainable practices, limiting environmental impact throughout the supply chain.

Supply Chain Risk Management Market Trend Analysis

Growing Awareness of Supply Chain Risks

  • In the ever-evolving landscape of global business, the imperative for effective Supply Chain Risk Management (SCRM) has gained prominence, fueled by the pervasive challenges outlined in recent surveys and economic analyses. Businesses, regardless of size, have grappled with prolonged supply chain disruptions, prompting a strategic shift. The Economist Impact survey commissioned by GEP in March 2023 reveals a compelling need for significant changes in supply chain management, with nearly 60% of respondents recognizing the urgency to navigate challenges effectively within the next 12 months.
  • The economic volatility, heightened by factors such as geopolitical conflicts, escalating raw material costs, and lingering fears of a recession, underscores the urgency for robust SCRM strategies. A staggering 71% of global companies identify raw material costs as their primary supply chain threat for 2023, while the impact of pandemic-related losses continues to reverberate, with 65% of business leaders acknowledging higher-than-expected losses over the past two years. Lack of visibility emerges as a critical threat, emphasizing the necessity for end-to-end supply chain visibility and building direct relationships with tier 2 and tier 3 suppliers.
  • Furthermore, the evolving regulatory landscape, including stringent sustainability reporting requirements and laws like the Corporate Sustainability Reporting Directive (CSRD) in the European Union and the Supply Chain Due Diligence Act in Germany, signals a clear call to action for businesses. Cybersecurity vulnerabilities, exemplified by high-profile attacks on critical supply chain nodes, highlight the urgent need for risk mitigation. As the survey indicates, 89% view insurance for supply chain risks as mission critical, yet 80% identify a lack of comprehensive insurance solutions as a significant challenge in addressing these risks over the next 3-5 years. This growing awareness of multifaceted supply chain risks, encompassing economic uncertainties, cyber threats, and regulatory shifts, propels the demand for advanced SCRM solutions, positioning it as a crucial driver for the growth of the Supply Chain Risk Management market.

The Integration of Emerging Technologies

  • The integration of emerging technologies presents a substantial opportunity for the advancement of the Supply Chain Risk Management (SCRM) market. The adoption and application of technologies within supply chain operations have shown significant variations, with cloud technology leading at 84%, followed closely by the Internet of Things (IoT) at 79%. Furthermore, investments in artificial intelligence (AI) and machine learning (ML) are expected to see substantial growth, with 22% of executives planning investments exceeding $5 million in these technologies over the next two years.
  • The International Data Corporation predicts a nearly 500% increase in data produced by IoT, reaching 80 zettabytes by 2025. This surge in IoT data is anticipated to play a pivotal role in supply chain risk management software, highlighting the profound implications of IoT in the industry. AI-based platforms are identified as game-changers, leveraging the power of AI and ML to provide unprecedented insights and strategic foresight. These platforms analyze vast amounts of data from various sources, enabling informed decision-making, operational optimization, and adaptability to market dynamics.
  • AI's transformative potential in supply chain management is exemplified by industry leaders such as Maersk, a global shipping company, which utilizes AI algorithms to optimize vessel schedules, reduce fuel consumption, and enhance overall efficiency. The anticipated $5 trillion economic value contribution of AI to various industries by 2025, as predicted by Gartner, underscores the growing significance of AI as a strategic tool for organizations seeking a competitive edge.
  • Additionally, according to IDC research, by 2026, 55% of G2000 Original Equipment Manufacturers (OEMs) plan to redesign service supply chains using AI. This reflects a strategic shift in major manufacturing organizations towards leveraging AI-based solutions to overhaul and enhance their service operations.
  • The adoption of digital supply chain technologies, including the use of smart robots in warehouses and distribution centers, is expected to increase in the next three to five years, as suggested by Gartner. This shift towards automation, with a projected annual growth rate of 14% for robotics in the supply chain by 2025, signifies a positive trend in the industry. The convergence of AI, IoT, and robotics represents a transformative opportunity for the supply chain risk management market, empowering organizations to mitigate risks, optimize operations, and foster resilience in an increasingly dynamic business environment.

Supply Chain Risk Management Market Segment Analysis:

Supply Chain Risk Management Market Segmented based on component, enterprise size, deployment, and end-use industry.

By Deployment, Cloud segment is expected to dominate the market during the forecast period

  • The adoption of cloud computing in Supply Chain Risk Management (SCRM) is poised to play a pivotal role in shaping the future of efficient and secure supply chain operations. Cloud computing offers a cost-effective and comprehensive solution for managing the entire production flow, from raw materials to final product delivery, by providing on-demand services, increased elasticity, and extensive network access.
  • By leveraging cloud-based SCRM, companies gain the ability to identify and mitigate potential disruptions through real-time risk assessment. The cloud facilitates the vetting of suppliers based on aggregate data, allowing organizations to make informed decisions in supplier selection and avoid potential risks. Additionally, cloud-based SCRM enables real-time risk spend reduction, providing organizations with immediate access to critical information for effective decision-making during crises.
  • As companies grapple with uncertainties such as natural disasters and cyber threats, cloud-based SCRM emerges as a key strategy to enhance security, limit risks, and conduct business processes securely. Therefore, by deployment, the cloud segment is anticipated to dominate the Supply Chain Risk Management market during the forecast period, underscoring its significance in driving efficiency, resilience, and risk mitigation in the supply chain ecosystem.

By Enterprise Size, Large Enterprise segment held the largest market share of 64.5% in 2022

  • In the post-pandemic landscape, the heightened volatility and uncertainties in global business operations have propelled large enterprises to prioritize risk monitoring and management, particularly in the context of complex and extensive supply chains. The 2022 Global Risk Survey by PwC underlines the strategic shift, with around 65% of organizations increasing spending on risk management technology. Large enterprises are focusing on advanced technologies and tools, with 75% planning increased investment in data analytics, 74% in process automation, and 72% in technology supporting risk detection and monitoring.
  • The large enterprise segment has taken the lead in embracing these technologies to effectively manage supply chain risks. As highlighted by the survey, the emphasis on risk management technology, data analytics, and process automation underscores the recognition that traditional risk management methods are inadequate in the current dynamic business environment. The adoption of risk management technology enables large enterprises to achieve clarity through risk identification, control through proactive risk mitigation, competence in decision-making, cost-effectiveness through increased efficiency, and complete compliance with regulatory requirements. The large enterprise segment's strategic investments affirm its commitment to staying ahead of evolving risks and maintaining a competitive edge in the market.

Supply Chain Risk Management Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

  • In the realm of Supply Chain Risk Management (SCRM), the Asia-Pacific region is poised to emerge as a dominant force in the market over the forecast period. With a strategic focus on trade flows, the logistics market, and the economic stability of developing countries, the region is gearing up for a substantial increase in the adoption of SCRM platforms.
  • Especially, countries with burgeoning economies, including India, Australia, and Singapore, are actively fortifying their global supply chain networks. This concerted effort is expected to propel Asia-Pacific into a leading position in shaping the trajectory of the SCRM market in the years to come. As the region navigates challenges and seizes opportunities in trade dynamics and logistical advancements, its commitment to strengthening supply chain resilience positions Asia-Pacific as a key player driving future growth and innovation within the SCRM landscape.

Supply Chain Risk Management Market Top Key Players:

  • Resilinc (United States)
  • Avetta (United States)
  • Riskex (United Kingdom)
  • Dhl Resilience360 (Germany)
  • Oracle Corporation (United States)
  • Sap Se (Germany)
  • Sas Institute Inc. (United States)
  • Kinaxis Inc. (Canada)
  • Everstream Analytics (Canada)
  • Cloudleaf (United States)
  • Quantzig (United States)
  • Logicmanager (United States)
  • Anaplan Inc. (United States)
  • Infor (United States)
  • Coupa Software Inc. (United States)
  • Ibm Corporation (United States)
  • Qad Inc. (United States)
  • Savi Technology (United States)
  • E2open (United States)
  • Amber Road (United States)
  • Fourkites (United States)
  • Jda Software (United States) And Other Major Players

Key Industry Developments in the Supply Chain Risk Management Market:

  • In May 2024, Craft.co launched its next-generation supplier risk management solution, boasting unparalleled data quality and AI-driven risk alerts. The platform provided comprehensive supplier visibility and facilitated proactive risk mitigation, earning praise from industry experts. Hapag-Lloyd AG's Director of Supplier Management, Ingmar Mester, lauded Craft's ability to streamline risk assessment and facilitate seamless collaboration across teams. The launch marked a significant advancement in simplifying supplier risk management processes for organizations worldwide.
  • In May 2024, Marsh McLennan launched Sentrisk, an AI-powered platform revolutionizing supply chain risk management. The platform, a collaboration between Marsh and Oliver Wyman, utilized advanced technologies including supply chain mapping AI and geospatial satellite imaging. It enabled organizations to comprehensively map supply chains and identify vulnerabilities with precision. Users received alerts of disruptions and access to risk advisory services, enhancing operational resiliency. Martin South, President and CEO of Marsh, emphasized the importance of AI in informing decisions to improve resilience against major shocks.
  • In May 2024, ManageEngine announced its integration with Constella Intelligence for proactive supply chain risk management. The integration with Log360, ManageEngine's SIEM solution, enabled organizations to monitor the deep and dark web for leaked credentials, preventing cyberattacks and minimizing disruptions. Kevin Senator, CEO at Constella Intelligence, highlighted the importance of proactive measures against supply chain attacks, emphasizing the value of this integration in equipping organizations with a critical first line of defense.

Global Supply Chain Risk Management Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 3.46 Bn.

Forecast Period 2024-32 CAGR:

9.26 %

Market Size in 2032:

USD 7.68 Bn.

Segments Covered:

By Component

  • Solution
  • Services

By Deployment

  • On-Premise
  • Cloud

By Enterprise Size

  • Large Enterprise
  • Small and Medium Enterprise

By End Use Industry

  • Retail and Consumer Goods
  • Healthcare and Pharmaceuticals
  • Manufacturing
  • Food and Beverages
  • Transportation and Logistics
  • Automotive

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Awareness of Supply Chain Risks

Key Market Restraints:

  • Lack of Awareness and Knowledge

Key Opportunities:

  • The Integration of Emerging Technologies

Companies Covered in the report:

  • Resilinc (United States), Avetta (United States), Riskex (United Kingdom), DHL Resilience360 (Germany), Oracle Corporation (United States), and Other Major Players.
  1. INTRODUCTION
    1. RESEARCH OBJECTIVES
    2. RESEARCH METHODOLOGY
    3. RESEARCH PROCESS
    4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
    5. MARKET SEGMENTATION
  2. EXECUTIVE SUMMARY
  3. MARKET OVERVIEW
  4. GROWTH OPPORTUNITIES BY SEGMENT
  5. MARKET LANDSCAPE
    1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
    2. INDUSTRY VALUE CHAIN ANALYSIS
    3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    4. MARKET TREND ANALYSIS
    5. REGULATORY LANDSCAPE
    6. PESTLE ANALYSIS
    7. PRICE TREND ANALYSIS
    8. PATENT ANALYSIS
    9. TECHNOLOGY EVALUATION
    10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
      1. Geopolitical Market Disruptions
      2. Supply Chain Disruptions
      3. Instability in Emerging Markets
    11. ECOSYSTEM
  6. SUPPLY CHAIN RISK MANAGEMENT MARKET BY COMPONENT (2017-2032)
    1. SUPPLY CHAIN RISK MANAGEMENT MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. SOLUTION
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. SERVICES
  7. SUPPLY CHAIN RISK MANAGEMENT MARKET BY DEPLOYMENT (2017-2032)
    1. SUPPLY CHAIN RISK MANAGEMENT MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. ON PREMISE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. CLOUD
  8. SUPPLY CHAIN RISK MANAGEMENT MARKET BY ENTERPRISE SIZE (2017-2032)
    1. SUPPLY CHAIN RISK MANAGEMENT MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. LARGE ENTERPRISE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. SMALL AND MEDIUM ENTERPRISE
  9. SUPPLY CHAIN RISK MANAGEMENT MARKET BY END USE INDUSTRY (2017-2032)
    1. SUPPLY CHAIN RISK MANAGEMENT MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. RETAIL AND CONSUMER GOODS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. HEALTHCARE AND PHARMACEUTICALS
    5. MANUFACTURING
    6. FOOD AND BEVERAGES
    7. TRANSPORTATION AND LOGISTICS
    8. AUTOMOTIVE
  10. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. SUPPLY CHAIN RISK MANAGEMENT Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
    2. RESILINC (UNITED STATES)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
    3. AVETTA (UNITED STATES)
    4. RISKEX (UNITED KINGDOM)
    5. DHL RESILIENCE360 (GERMANY)
    6. ORACLE CORPORATION (UNITED STATES)
    7. SAP SE (GERMANY)
    8. SAS INSTITUTE INC. (UNITED STATES)
    9. KINAXIS INC. (CANADA)
    10. EVERSTREAM ANALYTICS (CANADA)
    11. CLOUDLEAF (UNITED STATES)
    12. QUANTZIG (UNITED STATES)
    13. LOGICMANAGER (UNITED STATES)
    14. ANAPLAN INC. (UNITED STATES)
    15. INFOR (UNITED STATES)
    16. COUPA SOFTWARE INC. (UNITED STATES)
    17. IBM CORPORATION (UNITED STATES)
    18. QAD INC. (UNITED STATES)
    19. SAVI TECHNOLOGY (UNITED STATES)
    20. E2OPEN (UNITED STATES)
    21. AMBER ROAD (UNITED STATES)
    22. FOURKITES (UNITED STATES)
    23. JDA SOFTWARE (UNITED STATES) AND OTHER MAJOR PLAYERS
  11. GLOBAL SUPPLY CHAIN RISK MANAGEMENT MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Component
      4. Historic And Forecasted Market Size By Deployment
      5. Historic And Forecasted Market Size By Enterprise Size
      6. Historic And Forecasted Market Size By End Use Industry
      7. Historic And Forecasted Market Size By Country
        1. USA
        2. Canada
        3. Mexico
    3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Russia
        2. Bulgaria
        3. The Czech Republic
        4. Hungary
        5. Poland
        6. Romania
        7. Rest Of Eastern Europe
    4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Germany
        2. United Kingdom
        3. France
        4. The Netherlands
        5. Italy
        6. Spain
        7. Rest Of Western Europe
    5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Malaysia
        6. Thailand
        7. Vietnam
        8. The Philippines
        9. Australia
        10. New-Zealand
        11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Turkey
        2. Bahrain
        3. Kuwait
        4. Saudi Arabia
        5. Qatar
        6. UAE
        7. Israel
        8. South Africa
    7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  12. INVESTMENT ANALYSIS
  13. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

Global Supply Chain Risk Management Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 3.46 Bn.

Forecast Period 2024-32 CAGR:

9.26 %

Market Size in 2032:

USD 7.68 Bn.

Segments Covered:

By Component

  • Solution
  • Services

By Deployment

  • On-Premise
  • Cloud

By Enterprise Size

  • Large Enterprise
  • Small and Medium Enterprise

By End Use Industry

  • Retail and Consumer Goods
  • Healthcare and Pharmaceuticals
  • Manufacturing
  • Food and Beverages
  • Transportation and Logistics
  • Automotive

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Awareness of Supply Chain Risks

Key Market Restraints:

  • Lack of Awareness and Knowledge

Key Opportunities:

  • The Integration of Emerging Technologies

Companies Covered in the report:

  • Resilinc (United States), Avetta (United States), Riskex (United Kingdom), DHL Resilience360 (Germany), Oracle Corporation (United States), and Other Major Players.
Please Wait...

Frequently Asked Questions :

What would be the forecast period in the Supply Chain Risk Management Market research report?

The forecast period in the Supply Chain Risk Management Market research report is 2024-2032.

Who are the key players in the Supply Chain Risk Management Market?

Resilinc (United States), Avetta (United States), Riskex (United Kingdom), DHL Resilience360 (Germany), Oracle Corporation (United States), SAP SE (Germany), SAS Institute Inc. (United States), Kinaxis Inc. (Canada), Everstream Analytics (Canada), Cloudleaf (United States), Quantzig (United States), LogicManager (United States), Anaplan Inc. (United States), Infor (United States), Coupa Software Inc. (United States), IBM Corporation (United States), QAD Inc. (United States), Savi Technology (United States), E2open (United States), Amber Road (United States), FourKites (United States), JDA Software (United States) and Other Major Players.

What are the segments of the Supply Chain Risk Management Market?

The Supply Chain Risk Management Market is segmented into Component, Enterprise Size, Deployment, End-Use Industry, and region. By Component, the market is categorized into Solutions and services. By Enterprise Size, the market is categorized into Large Enterprises, Small, and Medium Enterprise. By Deployment, the market is categorized into On-Premise and Cloud. By End Use Industry, the market is categorized into Retail and Consumer Goods, Healthcare and Pharmaceuticals, Manufacturing, Food and Beverages, Transportation and Logistics, and Automotive. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Supply Chain Risk Management Market?

Supply chain risk management (SCRM) is the process of finding and addressing potential vulnerabilities in a company’s supply chain. These internal and external risks can come from various sources, including natural disasters, geopolitical events, supplier bankruptcy, quality issues, and cyberattacks. SCRM aims to minimize the impact of these risks on a company's operations, reputation, and financial performance.

How big is the Supply Chain Risk Management Market?

Supply Chain Risk Management Market Size Was Valued at USD 3.46 Billion in 2023, and is Projected to Reach USD 7.68 Billion by 2032, Growing at a CAGR of 9.26% From 2024-2032.