A Review of Supply Chain Risk Management: From the Perspective of Default Correlation

Member-enterprise default is a main driver of supply chain risk and the default is correlative. The paper, from the perspective of default correlation, reviews the recent literatures on supply chain risk management, supply chain default risk management, and credit risk contagion so as to discover the limitations of existing research. The author proposes that more attention should be paid to studies on the formation mechanism of supply chain risk, models of default correlation and risk assessment in supply chain, empirical and case study of supply chain risk management.