Managing Risk in the Transportation and Logistics Supply Chain

FOR GREATER RESILIENCE

Risk events can detour your supply chain. Use AI-powered risk management to keep your business going forward.

In a post-COVID world, transportation and logistics providers face increasing challenges. Labor issues, energy inflation, and parts shortages threaten fragile supply chains and instable hubs. The changing landscape of regulatory pressure is forcing companies to transform risk management in transportation and logistics supply chains.

Top Three Challenges to Your Transportation and Logistics Supply Chain

How Our Customers Manage Supply Chain Risk

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riskmethods currently offers us an ideal solution for monitoring, consolidating, processing and reporting specific risk in the supply network.
Savas Aydin, Risk & Claim Management, SBB AG
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Why Manage Risk with The riskmethods SolutionTM?

Use a Total View of Risk to Overcome Your Supply Chain Challenges
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Be risk aware

Protect your margins. Get a total view of risk to make your supply chains more resilient.

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React faster

Gain competitive advantage by ensuring business continuity. Meet customer as well as regulatory demands.

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Be proactive

Protect your brand reputation. Proactively reduce risk and ensure sustainability in your supply network.

Use a Total View of Risk to Overcome Your Supply Chain Challenges

Challenge # 1: Labor Issues

Shortage of workers, long hours, stress, and strikes are among the labor issues facing the industry.

Challenge: Long hours, stressful conditions, and an aging workforce. Filling empty positions in the transportation and logistics sector is tough. Mental health issues affect roughly one quarter of employees, according to recent research. Strikes, increased regulations, and demand surges also put pressure on logistics, transport, and supply chain management.

the riskmethods Solution dashboard on the computer and mobile

With The riskmethods Solution, you can: 

  • Monitor your transportation and logistics supply chain for emerging issues such as labor strikes, so you can avoid unplanned cost by addressing risk before it materializes
  • Get real-time information on all types of risk, so you can react fast enough to avoid supply chain disruption – and make sure you can deliver when others cannot 
  • Protect your margins. Streamline reactive and proactive mitigation actions to meet your customer’s demands

Challenge #2 Build Resilience

Building resilience over cost into transportation and logistics supply chains.

Challenge: Unforeseen events, huge delays in B2C and B2B supply chains, as well as rising labor and fuel costs drive the need for strategic risk planning, including intermodal transportation in supply chain management.

With The riskmethods Solution, you can: 

  • Get a total view of risk. Identify any irregularities in your supply network in real-time, identify negative trends, deliver on time, and ensure business continuity of your supply chain in transportation and logistics to protect your margins 
  • Make your supply network more resilient. No matter how complex your supply chain is, get transparency on the risk status of your (sub)suppliers, vendors, contractors, and customers Understand their impact and use mitigation tools to act fast when risk events hit 
  • Gain a competitive edge. Leverage technology to avoid costs by automating and streamlining processes for logistics and transportation supply chain risk management. Manage risk more proactively to become a more reliable partner

Challenge # 3: ESG and Sustainability Requirements

Complying with new directives requires new equipment and new strategies. 

Challenge: The need for new equipment to enable green transportation in supply chains that meets environmental, social, and governance (ESG), and sustainability directives. Long shipping timescales can force providers to use air freight, causing an inverse effect of goals related to reduced CO2 emissions goals such as Scope 3 (indirect emissions).

riskmethods infographic on CO2 emmision in transport

With The riskmethods Solution, you can:

  • Continuously monitor your supply network for ESG risks. Take immediate action against violations and protect your reputation. Image and reputation-based indicators include business partner fines and penalties, environment, human rights, labor practices, cybersecurity
  • Get risk profiles for all your business partners. Include compliance indicators such as sustainability and work practices. Take proactive measures to ensure your supply network is aligned with your sustainability goals
  • Showcase where you source your materials and ingredients. Visualize all your suppliers, vendors, third parties, customers, and supply paths on a world map

Customers all over the world rely on our solution

Have a question about managing risk in the transportation and logistics supply chain?

Ask away – no question is too hard for our SCRM experts! Fill out the form and we will be in touch to schedule a time to talk.
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