In this study, we present a review of the modeling of void formation and unsaturated flow in liquid composite molding processes. We examine modeling efforts considering all the mechanisms involved such as void formation and transport, bubble compression, and gas dissolution. In particular, the capillary number is identified as a key parameter for void formation and transport. Numerical simulation studies are reviewed, and a state-of-the-art is presented. The influence of microvoids on the global resin flow is also investigated. To model the unsaturated flow more accurately, we suggest considering the surface tension or capillary pressure, variation in permeability in terms of saturation and fiber displacement, as well as tow saturation. From this investigation, the apparent permeability and pressure profile in saturated and unsaturated flows are compared.