Approach to the Risk Management Process in Logistics Companies

Abstract

Larger companies have experts or even entire departments of experts to analyse potential risks, while for smaller companies and small businesses, the risk management process is difficult to understand. The aim of the article is to find out what approach companies in the Czech Republic in the logistics sector have to the risk management process. The article defined four research questions related to the size of the company and the amount of expenditure on the risk management process, the number of people involved in the risk management process, whether the risk management process is implemented by company employees or external staff, and whether the size of the logistics company affects the quantity and choice of crisis management methods. It was found that the larger the size of the company, the higher the company's expenditure on crisis management. The number of employees involved in the risk management process also corresponds to this finding, however, the size of the company does not affect the number of externals involved in the risk management process. The second position was occupied by the scenario planning method and the What-If Analysis method can be described as the third.