The purpose of this research is to conduct a comprehensive and systematic review of the literature in the field of ‘Supply Chain Risk Management’ and identify important research gaps for potential research. Furthermore, a conceptual risk management framework is also proposed that encompasses holistic view of the field. ‘Systematic Literature Review’ method is used to examine quality articles published over a time period of almost 15 years (2000 - June, 2014). The findings of the study are validated through text mining software. Systematic literature review has identified the progress of research based on various descriptive and thematic typologies. The review and text mining analysis have also provided an insight into major research gaps. Based on the identified gaps, a framework is developed that can help researchers model interdependencies between risk factors.