Risk in port logistics: risk classification and mitigation framework

Abstract

Ports are important nodes in maritime transportation networks. However, port managers face different types of risks in port operations which may disrupt cargo flows in the logistics chain. These risk factors are expected to increase in view of such global issues as climate change and geopolitical changes. An overview of risk classifications and mitigation strategies in port logistics can help academics and practitioners prepare for managing port logistics risks. Consequently, this paper presents a conceptual discussion of port logistics risks and illustrates an exemplary define-measure-analyse-improve-control (DMAIC) implementation framework to highlight potential risk management and mitigation strategies in port operations. Our discussion advances knowledge on the different risk factors with a practical step-by-step approach for addressing the risk in port logistics.