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Logistics risk management

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LOGISTICS RISK MANAGEMENT

The transportation industry is among the most risk-prone of all industries, requiring more and more companies to implement strong enterprise risk management strategies. Using the right methods and tools, these companies can mitigate much of their Logistics risks and be in a better position to respond to situations when they arise.

Within a single company, Logistics risks exist at multiple perspectives.

We at Logistics Concepts can really help you to identify your Logistics and freight risks within their economic, environmental and geopolitical contexts, and help you to evaluate and estimate them to improve the decision-making process.

In addition, to manage logistics risk within each level, companies need to manage risk across the full set of nested objectives that exist and focus on an understanding of the hierarchy of objectives with the company, usually called Entreprise Risk Management (ERM).

ERM is a strategic business discipline that supports the achievement of a company’s objectives by addressing the full spectrum of its risks and managing the combined impact of those risks as an interrelated risk portfolio.

Have you done your Logistic ERM ?

“Logistics risk management is a process of analytical and management of the logistics activities that focus on identifying and responding to the inherent uncertainties of managing a complex company and its assets.”

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