This literature review focuses on the conceptual analysis regarding the formulation of risk and resilience in a value chain process for the food retailers in UK. The study provides an enriched understanding of the risk vulnerabilities and resilience process in the food supply chain process. The framework for risk resilience is developed to understand the risk resilience process. The study also highlights the importance of vulnerability, capabilities, concentration, adaptability, redundancy, efficiency, awareness, and anticipation in the food supply chain process.