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Supply-chain risk management is aimed at managing risks in complex and dynamic supply and demand networks. [1] (cf. Wieland/Wallenburg, 2011)Supply chain risk management (SCRM) is "the implementation of strategies to manage both everyday and exceptional risks along the supply chain based on continuous risk assessment with the objective of reducing vulnerability and ensuring continuity".
The terrorist attacks of 9/11 were the defining event for modern supply chain security. Before 9/11 supply chain security was primarily the concern of the insurance and risk management industries; after the attacks more structured approaches were implemented. Early efforts were dominated by concerns over the use of maritime shipping to deliver ...
The Customs-Trade Partnership Against Terrorism (C-TPAT) is a voluntary supply-chain security program led by U.S. Customs and Border Protection (CBP) focused on improving the security of private companies' supply chains with respect to terrorism. The program was launched in November 2001 with seven initial participants, all large U.S. companies.
ISO 28000:2022, Security and resilience – Security management systems – Requirements, is a management system standard published by International Organization for Standardization (ISO) that specifies requirements for a security management system including aspects relevant to the supply chain.
Although supply chain attack is a broad term without a universally agreed upon definition, [7] [8] in reference to cyber-security, a supply chain attack can involve physically tampering with electronics (computers, ATMs, power systems, factory data networks) in order to install undetectable malware for the purpose of bringing harm to a player ...
The Open Trusted Technology Provider Standard (O-TTPS) (Mitigating Maliciously Tainted and Counterfeit Products) is a standard of The Open Group that has also been approved for publication as an Information Technology standard by the International Organization of Standardization and the International Electrotechnical Commission through ISO/IEC JTC 1 and is now also known as ISO/IEC 20243:2015. [1]
The response to risks typically depends on their perceived gravity, and involves controlling, avoiding, accepting or transferring them to a third party, whereas organizations routinely manage a wide range of risks (e.g. technological risks, commercial/financial risks, information security risks etc.).
Version 1.1, released in 2018, introduced enhancements related to supply chain risk management and self-assessment processes. The most recent update, Version 2.0, was published in 2024, expanding the framework’s applicability and adding new guidance on cybersecurity governance and continuous improvement practices.
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