The Downside Of Lean Logistics

By Patrick Burnson, Logistics Management

Risks related to international transport and logistics have continued to rise in the current economic recession, adding pressure on exporters and importers to set up formal risk management procedures, according to a new research report by Drewry Supply Chain Advisors.

"Lean logistics," is also brought into question.

In a serious recession, the probability of company failures among transport and logistics vendors is heightened, as is the threat of cargo theft, while moving products from offshore locations to final markets continues to create specific business risks, according to the recetnly-published report, "Risk Management in International Transport and Logistics - Key Issues and Best Practices for Senior Management and Logistics Service Buyers."

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SOURCE: Logistics Management