Logistics Business Risk Assessment and Risk Register Matrix

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Risk assessment and risk register matrix:
Due to the fact that logistic business is growing in Singapore the logistics companies
are having a huge opportunity to excel in the market. The newcomers like the Riverside
logistics are having a great opportunity in the market too. However due to the increase in
logistic business, the vehicular pollution is also increasing. Hence the environmental risk
needs to be addressed to remain in the competing market in the logistics business. Hence
there is benefit for considering the alternatives option for the transportation. Hence a smart
alternative is to consider the deployment of green vehicle.
The benefits of having an eco-friendly car is the reduction in pollution. The eco-
friendly car uses gases that are generates less emission and also the materials that are
contained in the emission is less pollutant. Some alternatives even omits the option of fuel for
powering the vehicles (Porterfield 2015). Electric cars are included in this section. So the
major benefits of eco-friendly car is the reduction of pollution and makes the environment
less polluted. Hence the option for considering an eco-friendly vehicle will help to comply
with the environment regulations. However there are some risk associated with the eco-
friendly vehicles as well. The eco-friendly vehicles compared to the traditional heavy trucks
and vehicles are less durable and hence if these car collides with heavy vehicles those
vehicles will be completely destroyed. Added to this, the maintenance cost of the eco-friendly
cars are also high. The eco-friendly vehicles largely considers Dual-powerplant which added
complexity to the car architecture and hence any defect to the car is likely to be complex and
costly to repair. Hence this will add extra cost for the logistic, especially for the small and
Start-up Company where cost management is a major preference.
The progress bar is helpful to assess the progress and performance of the current
market status, it is not an accurate measure for complete and accurate assessment of the

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progress (Dan 2015). With the addition of new comers and improved technology, the market
position is likely to change. Hence any decision based on the progress bar might not be
proper and effective.
Considering the market evaluation of the logistic company and the lack of expertise in
the market creates opportunity for the job seekers willing to work in the logistic industry.
Hence having an internship is beneficial for getting job. Although there is full of opportunity,
the market is volatile due to various, legal issue and compliance and competition (Raisch
2016). Hence the job security through the internship might not be guaranteed.
Earn and learn program is beneficial for those who wants to have extra income while
learning. However there is always risk of neglecting the primary one which is of course the
learning. Hence proper choice should be made between the two otherwise it will hamper the
learning process (Bocken and Short 2016).
The job rotation might be helpful for better opportunity in terms of salary, benefits
and carrier progress (Laukkanen 2015). However the job rotation in the volatile market like
the logistic might prove to be risky as the chance of job loss is there.
Automated machine handling is fast, accurate and time efficient and it is cost effective
too. Although it might prove to be beneficial for the company there will be risk of job
shortage in the market as automation reduces the requirement of manual work force