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Risk-Based Controls

Risk management in the supply chain – frequently on the agenda but only implemented to a limited extent.
Günther Reinelt 0 0 29/10/2015 00:00:00

On the one hand, globalization and digitization have provided many companies with great opportunities for growth and profitability, but on the other, the risk level in the supply chain has increased significantly.

Awareness of supply chain risks has risen considerably as a result of the 2008 financial crisis, the ash cloud in Europe or Fukushima for instance, and yet many companies still seem to approach this issue in a rather uncoordinated manner, with a tendency to focus on isolated individual measures, such as financial information on suppliers.

Leading enterprises are taking a cross-functional and cross-company approach, which is characterized by proactive, active and reactive elements, to minimize and prevent risks in the supply chain.

 

 

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Contemporary literature on disaster resilience of transportation infrastructure and seaports is reviewed. In general it is observed that there is still no widely accepted measure for resilience of transportation infrastructure for any mode of transportation.

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