International Logistics Risk Management

Abstract

Logistics supply chain system management is the integration of key business processes from end user through original logistics suppliers that provides products, services, and information that add value for customers and other stakeholders. Logistics supply chain is a network of suppliers, factories, warehouses, distribution centers and retailers where the raw materials are acquired, manufactured to products, which then are delivered to consumers. Fierce competition in global markets and the heightened expectations of consumers have forced business enterprises to invest in and focus attention on, the relationships with their customers and suppliers. Interest in supply chain management has also been growing in the industry both in developed and developing countries. Along with the occurrence of several catastrophic events in supply chains, risk management become more and more important. However, participants in the supply chain are separate and independent economic entities, and only consider their own benefits. The international logistics risk management problems are studied in this paper.