“…In addition to the basic conceptualization of supply chain risk, unprecedented growth in literature on the performance impact of supply chain risk is evident. However, despite considerable advances most of the studies are either conceptual, non‐industry specific, normative, anecdotal or offer projection based mathematical models (Ali et al, 2018; Ali & Golgeci, 2019; Ho, Zheng, Yildiz, & Talluri, 2015). Although previous research has repeatedly highlighted the criticality of operational risks such as supply and demand mismatch, forecasting error, machine breakdown and high cost of business (Jiang et al, 2009; Kleindorfer & Saad, 2005; Lockamy & McCormack, 2010; Manuj & Mentzer, 2008; Sodhi, Son, & Tang, 2012; Wagner, Mizgier, & Papageorgiou, 2017), there is a lack of broad empirical evidence on the extent to which these risks undermine SCP, particularly in the context of FSCs.…”