Introduction:

Be it a human being or a business entity all of us at a particular point of time,

were exposed to a certain degree of risk & perhaps would might get exposed to
such a phenomenon in our near or distant future, so it seems to be a iterative
process, which are primarily based on the alteration/moderation/deviation in the
Economic, Environmental, Geopolitical, Societal, and Technological activities.
The Global risk report of 2015, classified the risk mainly in above 5 categories,
and they tried to establish to continually profile the scope, scale, and strength of
the relationships among these five categories, They posited two themes for
2015:1) "As people's lives are becoming more complex and more difficult to
manage, businesses, governments, and individuals alike are being forced to
decide upon courses of action in an environment clouded by multiple layers of
uncertainty. 2) The importance of risk management and the need to build
resilient supply chains has become a top issue for decision makers who are
recognizing that risks are no longer isolated but inherently dynamic around the
globe.

Siddhartha Banerjee, MPSM (TLM) 2014-2016, IISWBM

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Problem Statement:
Uncertainty is a major area of concern in each & every supply chain

Siddhartha Banerjee, MPSM (TLM) 2014-2016, IISWBM

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