Transportation and Logistics
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Industry Insights
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- Globalisation risks
- The threats facing companies in an increasingly globalised world
- Two years ago the Federation of European Risk Management Associations entitled its biennial forum ‘Global village: the future of risk management’. It was an apposite title. Almost all major European companies have become global organisations to some extent, selling and sourcing goods and services beyond the European boundaries. Reprinted from Strategic Risk Magazine. Read more >
Transportation and Logistics
It is also a sector in the midst of significant change, driven by the effects of developments not only in the UK, but also in the overseas markets that are increasingly important for businesses wishing to establish economies of scale or profitable niches.
For example, there is evidence that many sector participants are reacting to the impact of high fuel prices and evolving environmental regulation via wholesale turnover of their vehicle fleets, counting on more efficient and less polluting models.
The growth in low cost manufacturing bases in Asia and the need to access these opportunities can expose businesses to new risks associated with establishing their foothold, as well as the intrinsic exposures to currency fluctuations. Supply chain management is especially critical, given the dependence upon third party warehousing and the new technologies that provide the real-time tracking customers have come to expect.
This competition for international market share is also driving consolidation. Merger and acquisition activity is a strong feature of the current environment, with companies restructuring to resist major players or risk being driven out or subsumed.