Risk Management Strategies for a Global Trading and Logistics Firm

This project addresses the critical aspects of risk management for a global trading and logistics company, focusing on supply chain management and operational processes within an international context. The project begins with an introduction to the importance of a robust risk assessment plan to ensure business continuity and addresses potential threats. It then delves into the methodologies, including business impact analysis (BIA), business continuity plan (BCP), disaster recovery plan (DRP), and computer incident rescue team (CIRT). The solution emphasizes the significance of a comprehensive risk mitigation strategy to safeguard operations, supporting the risk management program through detailed analysis and planning. The project references relevant research to support the proposed strategies and provides a solid framework for managing risks inherent in global trading and logistics operations. The assignment fulfills all the requirements specified in the assignment brief.

RISK MANAGEMENT OF A
GLOBAL TRADING AND
LOGISTICS COMPANY

• The Global Trading and Logistics organization mainly deals with supply chain management
and operation process.
• Being a global company the organization must take into consideration a lot of legal laws,
transportation operations and international and intercontinental business operations.
• The company completes all of its process in a well-mannered and seam less way. To keep
things as they are the organization need to be prepared any kind of risk it will face in the
future.
INTRODUCTION

• To ensure the proper continuity among the processes and operation that the global trading and logistics organizations
do, a proper risk assessment plan is vital.
• The risk assessment plan will look for potential risks.
• The plan will investigate and evaluate the nature, and the reason of the threat that the organization can face in the
future.
RISK ASSESSMENT

• Many organizations face failure because of not having a proper mitigation plan to follow.
• All the big and small organizations need to have a risk mitigation plan.
• Being a global trading and logistics company, the organization conducts a lot of operations everyday which may be
was planned long ago.
RISK MITIGATION

• To support the risk management program an organization conducts a lot of analysis and planning.
• These plans and analysis includes, BIA – Business Impact Analysis, BCP- Business Continuity Plan, DRP – Disaster
Recovery Plan. And CIRT – Computer Incident Rescue Team.
SUPPORTING ANALYSIS AND
PLANNING AND AFFECTING
LAW

• Choi, T. M., Chiu, C. H., & Chan, H. K. (2016). Risk management of logistics systems.
• Osorio, J. C., Manotas, D. F., & García, J. L. (2017). Operational Risk Assessment in 3PL for Maritime
Transportation. Research in Computing Science, 132, 63-69.
• Wu, P. J., & Chaipiyaphan, P. (2019). Diagnosis of delivery vulnerability in a logistics system for logistics risk
management. The International Journal of Logistics Management.
REFERENCES