Increased international freight movement has led to new business opportunities that, consequently, have increased the business risk level.
Therefore, Risk Management is an essential tool to identify, analyse and assess those situations that may have a negative impact in order to minimise the potential losses that the organisation has to face.
Any interruption to the supply chain may seriously affect the company’s profit & loss account and the relationship with its customers. The possible drawbacks can include increased operational costs, a worsening of the company’s reputation or brand, or the direct loss of customers.
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