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Risk Management in Logistics

  • Hui Ming Wee
  • Mauricio F. Blos
  • Wen-Hsiung Yang
Part of the Intelligent Systems Reference Library book series (ISRL, volume 33)

Abstract

Due to the complex market and business environment, undesirable disruptions in logistics can affect enterprises and weaken its business strength. Risk Management has become the key in avoiding business losses. Logistics interruption can come from an unforeseen exogenous event such as an earthquake or from an endogenous event, like the Toyota Quality recalls in 2010 that interrupted enterprise logistic operations and degraded its performance (Trkman & McCormack, 2009). In this chapter, the risk management in logistics is studied from the process flow perspective. The topics discussed consist of logistics processes, risk management strategy, risk management process in logistic, and enterprise performance evaluation. Several risk management theories and framework from the literature are presented in the chapter. The aim is to provide valuable insights for enterprises through understanding the essential risk management concepts in logistics.

Keywords

Risk management Logistics Risk drivers Vulnerability Risk preference Mitigation Consequence/probability matrix 

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Copyright information

© Springer-Verlag Berlin Heidelberg 2012

Authors and Affiliations

  • Hui Ming Wee
    • 1
  • Mauricio F. Blos
    • 2
  • Wen-Hsiung Yang
    • 3
  1. 1.Industrial and Systems Engineering DepartmentChung Yuan Christian UniversityChungliTaiwan
  2. 2.SONY do Brasil Ltda, Supply Chain SolutionsManausBrasil
  3. 3.Management SchoolUniversity of LiverpoolLiverpoolUK

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