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Risk Identification for Outbound Road Freight Transportation Service

In: Innovations and Strategies for Logistics and Supply Chains: Technologies, Business Models and Risk Management. Proceedings of the Hamburg International Conference of Logistics (HICL), Vol. 20

Author

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  • Sangwan, Thutchanan
  • Liangrokapart, Jirapan

Abstract

The start of Asian Economic Community (AEC) at the end of 2015 will strengthen Thailand's position as a transportation hub for the Greater Mekong Sub region (GMS). It has increased Thailand's opportunities for cross-border trades and importexport shipments especially between Thailand and its four immediate neighbors - Myanmar, Malaysia, Laos, and Cambodia. The major mode of transportation among these countries is the road transportation. Fierce competition will occur as professional multinational logistics companies owned by foreigners will use their competitive advantage to get the major market shares and compete with local logistics providers. To survive the competition under the AEC, local logistics firms should identify the risks for their logistics services among the neighboring countries and find avenues to manage the risks. This paper studied relevant literatures and summarized the risks related to the Outbound Road Freight Transportation Service. The risks have been validated by industry experts, the effect of each risk on key performance indicator has been analyzed, and suggestions for mitigating the risks have been included.

Suggested Citation

  • Sangwan, Thutchanan & Liangrokapart, Jirapan, 2015. "Risk Identification for Outbound Road Freight Transportation Service," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Kersten, Wolfgang & Blecker, Thorsten & Ringle, Christian M. (ed.), Innovations and Strategies for Logistics and Supply Chains: Technologies, Business Models and Risk Management. Proceedings of the Hamburg Internationa, volume 20, pages 391-417, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.
    • Handle: RePEc:zbw:hiclch:209263
    DOI: 10.15480/882.1264
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    References listed on IDEAS

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    1. Goh, Mark & Lim, Joseph Y.S. & Meng, Fanwen, 2007. "A stochastic model for risk management in global supply chain networks," European Journal of Operational Research, Elsevier, vol. 182(1), pages 164-173, October.
    2. Raka, Chatchai & Liangrokapart, Jirapan, 2015. "Supply Chain Risk Management: A Case Study in Thailand," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Kersten, Wolfgang & Blecker, Thorsten & Ringle, Christian M. (ed.), Innovations and Strategies for Logistics and Supply Chains: Technologies, Business Models and Risk Management. Proceedings of the Hamburg Internationa, volume 20, pages 557-580, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.
    3. Schroeder, Meike & Gomes, Renato Barata, 2014. "Supply Chain Risk Management in International Trade Operations Between Germany and Brazil," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Kersten, Wolfgang & Blecker, Thorsten & Ringle, Christian M. (ed.), Next Generation Supply Chains: Trends and Opportunities. Proceedings of the Hamburg International Conference of Logistics (HICL), Vol. 18, volume 18, pages 469-486, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.
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    Cited by:

    1. Dadsena, Krishna Kumar & Sarmah, S.P. & Naikan, V.N.A. & Jena, Sarat Kumar, 2019. "Optimal budget allocation for risk mitigation strategy in trucking industry: An integrated approach," Transportation Research Part A: Policy and Practice, Elsevier, vol. 121(C), pages 37-55.

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