Risk management has become an essential tool in dealing with the risk issues in supply chains. The purpose of this paper lies in surveying the applications of risk management to supply chains and reviewing the existing literature. To achieve the above purpose, some representative works are selected for demonstrating the application of various risk management tools in supply chains. The numerous literatures in this field are classified into three categories, i.e. risk analysis of supply chain models, disruption management and financial risk measurement. Throughout this paper, some representative models are selected and their relationships and distinctions are analysed and compared.