Identify six different categories of transportation risk

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Reference no: EM133237341

Assignment:

Risk management is the process of identifying risk, its causes and effects, and its ownership with a goal of increasing overall understanding to manage, reduce, transfer, or eliminate threats to supply chain success. The perils of transportation are many and varied. Managers must remain vigilant to all types of risk and work to discover, define, document, and communicate risks before they adversely affect freight flows. There are six common risk categories related to freight transportation: product loss, product damage, product contamination, delivery delay, supply chain interruption, and security breach. It is not enough to identify risks. Managers must work to understand how serious each risk is to the organization. They must assess both the likelihood of a disruption risk occurring and the consequences of a disruption incident.

Identify six different categories of transportation risk. Describe them and give transportation examples for each risk category. Discuss strategies to prevent the transportation risks.

Reference no: EM133237341

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