Supply Chain Risk Identification is the practice of identifying potential threats and risks that could disrupt or damage the supply chain. This involves analysing existing practices, processes, and workforce capabilities to uncover any areas of weakness or vulnerabilities that could lead to a disruption in the supply chain. It also involves studying external factors such as political and economic instability, natural disasters, and supplier failure. By understanding these factors and gathering reliable data, companies can build an effective risk identification strategy that can help them reduce their exposure to unexpected events.