Risk Management in Goods Movement
Both logistics and supply chain management play a key role in risk mitigation. Logistics deals with operational risks—such as accidents, weather disruptions, or damaged goods—by having backup routes and insurance. Supply chain focuses on strategic risks—like supplier failure, political instability, or raw material shortages—by diversifying suppliers and building safety stock. Coordinating risk management strategies ensures businesses can continue operations even during disruptions. This resilience not only protects profits but also builds customer trust, as consistent delivery is a hallmark of reliable brands in any industry.