Risk management in international container logistics operations: risk analysis and mitigating strategies

Kwak, Dong-Wook ORCID: https://orcid.org/0000-0003-0317-8499 2014. Risk management in international container logistics operations: risk analysis and mitigating strategies. PhD Thesis, Cardiff University. Item availability restricted.

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Abstract

Purpose: The aim of this thesis is to investigate risk management strategies for international logistics operations that can minimise the occurrence and/or the impact of risks in order to achieve a desirable logistics network. For this purpose, international logistics risks were analysed to find out critical risk areas, and then strategies to mitigate those risks were developed and validated in relation to organisational orientations and outcomes. Methodology: Risk identification, risk clustering and risk analysis were conducted by using focus group research and Interpretive Structural Modelling (ISM) to investigate risk areas that should be mitigated. A risk management strategy model was developed using Information Processing Theory, a review of extant supply chain risk management studies and interviews with logistics practitioners. The model was empirically tested with questionnaire survey data using descriptive statistics, ANOVA and Partial Least Square Structural Equation Modelling (PLS-SEM). Findings: International logistics risks consists of value streams; information and relationships; logistics activities; and the external environments. Among these, information and relationships risks were found to generate self-enhancing risk loops, thereby creating subsequent risk impacts after disruptions. To mitigate these risks, firms involved in international logistics implemented strategies, such as building a stable logistics network, leveraging logistics information, leveraging outsourcing contracts and developing logistics collaboration, although the level of implementation depends on the business context. Among the four strategies, building a stable logistics network and developing logistics collaboration strategies were most effective in strengthening both robustness and resilience in the logistics network. Customer orientation had positive impacts on all four strategies, but disruption orientation and quality orientation influenced certain types of strategies. Research Implications: This is the first study which has applied a three-phase risk management process to international logistics operations, thereby highlighting distinctive features of international logistics risks. This thesis empirically develops and validates a risk management strategy model which embraces both strategies and relevant tactical/operational initiatives. The antecedents and outcomes of risk management strategies were also investigated and conceptualised for future research. Practical Implications: The profile of risks, risk sources, loss types and risk levels provide a guideline for logistics managers to anticipate and proactively deal with potential risks. Also, they can evaluate the current status of risk management efforts and can benchmark suggested strategies and practices in consideration of the strategic fit to their organisations.

Item Type:	Thesis (PhD)
Status:	Unpublished
Schools:	Business (Including Economics)
Subjects:	H Social Sciences > HE Transportation and Communications
Funders:	ESRC
Date of First Compliant Deposit:	30 March 2016
Last Modified:	06 Oct 2023 14:53
URI:	https://orca.cardiff.ac.uk/id/eprint/73558

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