Complexities, risks, and opportunities in international logistics: Define and identify complexities in international supply chain. Discuss three major complexities in international logistics with examples.
Assessment topic: Complexities, risks, and opportunities in international logistics
Due to globalisation, declining trade barriers, and an increasingly mobile workforce, the global logistics industry continues to enjoy remarkable growth. By expanding their service offerings both upstream and downstream logistics service providers are becoming masters of their supply chain (PWC, 2015). Globalisation of business also increases complexities and risks in global supply chain and logistics management. Hence more in depth study on international logistics complexities, risks and opportunities is important, so firms can manage risks and mitigate possible consequences of risks for better logistics services.
The final assignment of this course is to write a report on international logistics complexities, risks and opportunities. From existing theory and literature identify international logistics complexities, risk factors and opportunities; and discuss with some examples. In brief the report needs to cover the following points for either a business or a supply chain, or you can cover the points separately.
- Define and identify complexities in international supply chain. Discuss three major complexities in international logistics with examples.
- Identify possible risks associated with international logistics business and operations and the impacts on supply chain performance. Discuss three important risks related to the sector /business/chain you are studying. (Risks could be related to outsourcing or offshoring, cross border issues, cultural sensitiveness, market volatilities, geopolitical, or internal and external to supply chain. Risk could be specific for an industry. Risks could be due to possible disruptions (natural or man-made) of the chain.)
- Even though there are issues in international logistics, there are some opportunities for international logistics. Identify opportunities that arise from international logistics, and discuss three major opportunities.
At the end you can summarize your report by concluding on the above three points with some insights.