Technology-Enabled Risk Management within Global Supply Chain Networks

Transportation and logistics operations are vulnerable to numerous types of risks. The globaly distributed production and sales lead to complex logistics tasks and more high-value goods are transported in global logistics networks. Nevertheless, detailed information about the condition of the goods and their integrity are not consistently available. The exact conditions during transport remain unclear. Efficient information and communication processes improve the coordination and effectiveness already in logistics. This article describes how the logistics network can be optimized by integration of cargo insurances as competent managers. Consequently, transport processes in terms of the potential dangers can be improved and entirely new business models can be developed.