This document discusses supply chain risks and how collaboration can help mitigate those risks. It first outlines challenges in today's supply chains like faster growth and globalization that have made supply chains more vulnerable to disruptions. When disruptions occur, they can result in huge costs to businesses. The document then discusses how the resource-based view theory supports collaborating resources and capabilities across a supply chain for strategic flexibility and risk control. Collaboration is defined as sharing information based on mutual benefits. The benefits, risks, and examples of collaboration are provided. The conclusion is that collaboration through strategic partnerships and information sharing can help establish mutually beneficial goals and mitigate risks.