The first volume tackles a wealth of complex jurisdictional aspects, ranging from the enforcement of maritime claims to a detailed analysis of the conditions of arrest of ships, including reconsideration of wrongful arrest, beneficial ownership, forum non-convenience and limitations upon the jurisdiction of the English courts. Key features of Volume One: Expert analysis of the very latest case …
This paper addresses a highly researched area, the reshuffling problem in ports, using a newparadigm-modified containership service order in light of credit risk assessment. Container stacking and reshuffling operations can cause ship delays and additional risk. In deep-sea terminals, outbound containers are tightly stacked according to the retrieval sequence. Due to lack of space, terminals st…
Despite a hangover from the worldwide economic crisis, international trade rebounded nicely with a record-level growth in late 2010. A sharp rise in international trade has sparked the international traffic growth. A majority of this traffic growth originated from maritime logistics which could move cargoes in large volume and at cheaper freight costs. Due to its cost-efficiency and easy acces…
Risks and uncertainties are ever more noted and factored into decision making today, and those stemming from supply chains are prominent in the competitiveness and viability of companies and organizations. The idea that every supply chain is made up of five internal chain/network constructs is presented, and these are physical, financial, informational, relational, and innovational. Further, fo…
This paper aims to report on an exploratory study investigating supply chain security orientation (SCSO), a firm-level construct addressing companies’ multiple approaches toward mitigation of supply chain security breaches and supply chain risk management.
Supply chain security (SCS), as a component of an organization’s overall supply chain risk management strategy, has become a critical factor for businesses and government agencies since September 11, 2001, yet little empirical research supports policy or practice for the field. Therefore, this paper develops and presents a categorization of SCS based on existing research. This categorization …
Supply chain risk management (SCRM) has recently gained increasing attention in the supply chain context, both from the practitioners’ perspective and as a research area. Given the relevance of the topic, the aim of the present paper is to present a focused literature review, investigating the process of knowledge creation, transfer and development from a dynamic perspective within the contex…
The purpose of this paper is to investigate the alignment between product design and the supply chain and to identify how this alignment impacts on a firm’s supply chain responsiveness and resilience.
The objective of this paper is to scan the extent of uncertainty and hesitation in the development of plans and strategy.
This book investigates key issues facing leaders in increasingly complex decision-making environments as a result of globalization. It presents a synthesis and interpretation of academic research in multiple disciplines and integrates it into a practical approach that is readily useable by leaders in government, corporations, and civil society.
The International Supply Chain Risk Management (ISCRIM) network is a team of researchers and practitioners engaged in analyzing, developing, and disseminating evidence and practices related to the effective and efficient management of supply chains and their associated risks. The international network was founded in 2001 by a small group of active researchers from the UK, U.S., and Sweden. The…
Acknowledges the potential problems the year 2000 may cause to computer software and hardware, but emphasises the need to understand fully and acknowledge the challenges and threats posed by date sensitive embedded systems. Describes embedded systems and the reasons why they have been generally ignored in the discussions about the year 2000. Discusses the potential disasters and the effo…
The aim of the research is to provide a method to evaluate supply chain risks that stand in the way of the supply chain objectives.
The purpose of this paper is to investigate the interface between product design and the supply chain and to develop a roadmap to the design centric business through better management of this interface.
The purpose of this paper is to explore how the manufacturing and supply chain flexibility impact on the ability to transfer production between the units, i.e. production network coordination. To take advantage of available opportunities for different actors and locations, companies need to effectively transfer production.
The increased importance of ports makes them a vulnerable node as a port-related disruption can generate domino effect on a network of supply chains. The vulnerability of ports thus needs to be addressed to ensure the functionality of ports and enhance supply chain resilience. This paper synthesizes the current literature into a management model that seeks to target operational deficiencies at …
Over the past 50 years computers and software have become indispensable parts of business, commerce, and government. Almost all major corporations now use computers and software as primary tools for accounting, finance, sales support, personnel records, and to a significant degree, manufacturing and distribution. Banks and service organizations use computers and software for virtually all finan…
The performance of service supply chains in terms of service levels and cost efficiency depends not only on the effort of service providers but also on the inputs of sub-contractors and the customer. In this sense, performance-based contracting (PBC) entails increased financial risk for providers. Allocating and managing risk through contractual relationships along the service supply chain is a…
Supply chain risk management (SCRM) is of growing importance, as the vulnerability of supply chains increases. The main thrust of this article is to describe how Ericsson, after a fire at a sub-supplier, with a huge impact on Ericsson, has implemented a new organization, and new processes and tools for SCRM. The approach described tries to analyze, assess and manage risk sources along the suppl…
This paper aims to increase our understanding of perspectives on food traceability in four supply chain risk management (SCRM) approaches to ensure food safety. The occurrence of food safety failures has led to increased attention on food traceability as a means of identifying the causes of deficiencies in supply chains.
The effects of supply chain risk management (SCRM) on the performance of a supply chain remain unexplored. It is assumed that SCRM helps supply chains to cope with vulnerabilities both proactively by supporting robustness and reactively by supporting agility. Both dimensions are assumed to have an influence on the supply chain’s customer value and on business performance. The aim of this rese…
This paper seeks to understand business requirements for supply chain risk management (SCRM) from a practitioner perspective.
Oliver Wyman (formerly Mercer Management Consulting) is pleased to unveil our redesigned Transport & Logistics journal. In this issue, we have focused on topics that are particularly relevant to the current adverse economic climate, with a view to offering some perspective for both providers and users of transportation and logistics services.
The purpose of this paper is to verify a transport uncertainty triad model taking a supply chain perspective, and determine which different forms of uncertainty impact on transport operations. The aim is to qualitatively evaluate the different types of uncertainty impacting on transport operations rather than estimating the risk that each of them involved. The literature indicates that there ar…
Automated warehouse equipment is often regarded as being inflexible, and yet its use continues to rise even though markets are becoming increasingly volatile. The purpose of this paper is to explore the reasons for, and nature of, warehouse automation implementations in order to further this understanding.
This paper aims to add a cultural-relational dimension to the supply chain risk management (SCRM) literature
The purpose of this paper is to use virtue ethics to explore the dilemmas arising for shipowners facing the piracy threat off the coast of Somalia.
The integration of business processes across multiple companies can provide economic benefits, thus ensuring the sustainability of the involved companies. However these advantages are accompanied by many potential risks. For instance, emerging disruptions within a supply chain can spread over several partners resulting in economic losses. The purpose of this paper is to focus on the development…
By adopting risk management, savings potentials can be realized in construction projects. For this reason, for project managers as well as real estate developers, a consideration of the risk management process is worthwhile. The risk management process comprises 6 process steps, which will be discussed in greater detail below. The integration of a risk management system in construction projects…
The purpose of this study is to explore the influence of founder families in medium-sized manufacturing firms and to investigate the impact of such influence on risk management – more specifically foreign exchange hedging and speculation.
Purpose – The purpose of this paper is to propose first, a comprehensive model of the concept of agility in a humanitarian logistics context, and second, to generate a research agenda to test and operationalise this model. Design/methodology/approach – The paper draws on the dynamic capabilities model originated by Teece and uses a topical literature review of research in various busine…
The number of care‐dependent people will rise in future. Therefore, it is important to support home health care (HHC) providers with suitable methods and information, especially in times of disasters. The purpose of this paper is to reveal potential threats that influence HHC and propose an option to incorporate these threats into the planning and scheduling of HHC services
The purpose of this paper is to enhance the understanding about how energy supply chains work to build resilience against exogenous security threats and thereafter what support mechanisms should be introduced or improved by the European Union.
Features of the maintenance problem are compared to those of the year 2000 (Y2K) problem. Similarities found suggest that lessons learnt from examining each problem can be applied to the other. Aspects of responsibility, communication, decision making and prioritisation are investigated. Asserts that further research would identify other useful lessons learned from other disciplines. Considers …
An NHS hospital is a complex organisation with many departments which are all inter‐dependent. The “millennium bug” can potentially affect any or all of its systems. Disruption in one department, over the millennium period, is likely to affect the overall delivery of health care with potential threat to life. The NHS Executive has identified the year 2000 issue as the first non‐clinic…
The aim of this paper is to analyze and explain why cargo theft continues to occur in the transport network despite all implemented countermeasures.
The purpose of this paper is to propose a model that enables a company to select the supply chain strategy based on risk probability p (measure of how likely/often a detrimental event occurs) and risk impact i (expression of the significance of a loss when that event occurs).
Supply managers must manage many risks in their increasingly competitive environments. Traditionally this meant buffering against uncertainties, which sub‐optimized operational performance. Risk management can be a more effective approach to deal with these uncertainties by identifying potential losses. This conceptual study proposes that situational factors‐ degree of product technology, s…
Changes over the last 30 years have given companies increased flexibility and control over their logistics activities. During this same period of time, financial markets have embraced stock options, which allow buyers the right but not the obligation to purchase a stock at a specified price in the future. Recent technological developments could enable the trading of formalized options around tr…
The concept of uncertainty is a relevant yet little understood area within supply chain risk management. Risk is often associated with uncertainty, but in reality uncertainty is a much more elaborate concept and deserves more in-depth scrutiny. To bridge this gap, the purpose of this paper is to propose a conceptual framework for assessing the levels and nature of uncertainty in this context.
Supply chain risks significantly endanger small and medium-sized enterprise (SME-) suppliers in different currency areas in purchasing and sales. The purpose of this paper is twofold: to describe the concept of natural hedging in supply chains, and to highlight the potentials of natural hedging as a risk prophylaxis and a supplier financing approach.
The article examines companies’ perception of corporate vulnerability in supply chains. The areas, the causes and the contingency planning of corporate vulnerability in upstream and downstream supply chains are examined. The study is based on qualitative data, and it differs from other studies on the vulnerability construct in supply chains in that most have been quantitative. An insight of t…
Global supply chains are more risky than domestic supply chains due to numerous links interconnecting a wide network of firms. These links are prone to disruptions, bankruptcies, breakdowns, macroeconomic and political changes, and disasters leading to higher risks and making risk management difficult. The purpose of this paper is to explore the phenomenon of risk management and risk management…
During the informationisation process of inner logistics, one of the main factors causing the business failure for SMEs in China is that the selected tools and methods of informationisation cannot adapt to the environment and scale of businesses properly. Directed at solving this problem, this article is intended to propose a so-called ‘Label-Card Management’ (LCM for short) for SMEs’ inf…
Reviews two selected papers: “Circle of risk”, and “Time runs out”. Bases the selection of papers on several factors. The first paper on circles of risk, is quite relevant to the main theme of this issue, that is risk and crisis management. It offers a new modelling approach that could affect our perception of the extent of the millennium problem. The second paper summarises the state o…