Where Is the Risk? - A Look into Supply Chain Risk Management | Lojistic [ ](https://www.lojistic.com)- Why Lojistic - [ All Inclusive. Zero Cost. Every Lojistic solution. No limits. No fees. ](https://www.lojistic.com/pricing) - [ All Modes. All Carriers. All Currencies. 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Zero Cost. Every Lojistic solution. No limits. No fees. ](https://www.lojistic.com/pricing) - [ All Modes. All Carriers. All Currencies. Parcel, LTL, truckload, ocean, rail, air freight. ](https://www.lojistic.com/carrier-connectors) - [ Industries Served Retail, eCommerce, 3PL, manufacturing, and more. ](https://www.lojistic.com/industries-served) - [ Roles Most Impacted & How Supply chain & logistics, procurement, finance leaders. ](https://www.lojistic.com/roles-most-impacted) - [ Use Cases How Lojistic helps manage and reduce shipping costs. ](https://www.lojistic.com/use-cases) - Platform Features - [ Global Analytics & Reporting Predictive analytics and scenario modeling for all carriers globally. ](https://www.lojistic.com/shipping-analytics-software) - [ Rate Optimization & RFPs Tech-powered data prep, strategy, and rate impact analyses. ](https://www.lojistic.com/rate-optimization-rfps) - [ Parcel and Freight Audit & Payment *+PAY* Carrier refunds and payments automated and made simple. ](https://www.lojistic.com/freight-audit-and-payment) - [ GL Coding & ERP Sync Automatically code shipping costs down to the order level ](https://www.lojistic.com/gl-coding-erp-sync) - [ Lojistic API & App Integrations Easily integrate normalized shipping data to your business systems. ](https://www.lojistic.com/api-app-integrations) - [Pricing](https://www.lojistic.com/pricing) - [About](https://www.lojistic.com/about) - [Company](https://www.lojistic.com/company) - [Culture](https://www.lojistic.com/culture) - [Careers](https://www.lojistic.com/careers) - [Partner Programs](https://www.lojistic.com/partner-programs) - [Security](https://www.lojistic.com/security) - [Media](https://www.lojistic.com/media) - [Ratings & Review](https://www.lojistic.com/reviews) - [Videos](https://www.lojistic.com/videos) - [Blog](https://www.lojistic.com/blog) - [Contact](https://www.lojistic.com/contact) [Create Free Account](https://app.lojistic.com/demo/connect-carrier?activeStep=create-account&trackDemo=false) [View Demo](https://app.lojistic.com/demo) [ Log In](https://app.lojistic.com/demo/account/login?trackDemo=false) Where Is the Risk? - A Look into Supply Chain Risk Management ============================================================= ![Icon denoting blog author information in Lojistic’s content layout](/images/pages/blog/icon-author.svg)Rich Harkey ![Calendar icon used to display blog post dates on Lojistic’s website](/images/pages/blog/icon-calendar.svg)September 13, 2012 Risk management has been a constant supply chain topic this year, and it’s no surprise-- cataclysmic events have affected many countries in recent times, like the earthquake that shook Japan and the tsunami in Thailand. Natural disasters happen, and they tend to put companies with part of their supply chain in those nations to the test. For some, these events meant major shipping delays and failure to distribute finalized products to the masses. Other companies who had strong back-up plans in place, however, only saw minor effects to their supply chain. Although these events have long passed, it’s important to take a look at the setbacks they can create in order to effectively draw up a solid risk management plan and be ready for the future. One way of doing this is to stay up-to-date with the latest developments in the global supply chain. Maplecroft conducted a global study of the top countries prone to supply chain risks in 2012 based on numerous factors like past incidents, weather patterns and surveys. The results showed that Bangladesh, India, Vietnam, the Philippines, Myanmar, the Dominican Republic, Honduras, Laos, and Haiti are the top ten countries prone to a high amount of risk to the supply chain. These countries have a mixture of both a weak infrastructure for recovery and a high occurance of natural disasters such as floods and earthquakes. Even though other countries like Japan are also prone to risk, their infrastructure allows them to help companies rebuild and restructure more quickly and successfully. Using this information, businesses can see where the biggest risks are and plan ahead accordingly with alternative supply chains and vital communication channels. [Source Consulting](https://www.lojistic.com/) is dedicated to staying up to date with new developments in the supply chain community as well as potential and current disruptions that could have various effects on your business. With innovative [shipping technology](https://www.lojistic.com) unique to Source and their experienced personnel, the company strives to help customers with shipping questions, with the aim to [reduce shipping costs](https://www.lojistic.com/rate-optimization-rfps) overall. It is imperative for all companies to stay conscious not only of past disruptions but also of future potential for risk, as well as the dangers involved in both setting up a supply chain in a high risk location and shipping there as well. Good preparation through a solid risk management plan is essential in helping to create a smooth and forward-thinking supply chain. ![Rich Harkey Headshot](https://www.lojistic.com/assets/public/users/rich.png) Author Rich Harkey Rich Harkey Senior Strategy Manager Rich Harkey is a results-driven professional with extensive experience in the logistics and supply chain industry. As the Senior Strategy Manager at Lojistic, Rich leverages over three decades of expertise to help businesses improve their shipping strategies and reduce costs. With a deep understanding of the requirements of shippers and the operational intricacies of carriers, he excels in everything from optimizing business rules and managing carrier invoices to negotiating carrier contracts. Rich's comprehensive knowledge of the logistics industry, combined with his strategic insights and passion for data analysis, has enabled thousands of companies to gain visibility into their shipping expenses, driving impactful results. [« Previous Post](/blog/the-necessity-of-logistics-freight-auditing-companies-in-a-global-ecommerce-world) [Next Post »](/blog/going-green-giving-back-for-the-greatergood) **Lojistic Blog** [Recent Posts](https://www.lojistic.com/blog) | [Categories](https://www.lojistic.com/blog/categories) Why Lojistic ---------------- - [All-Inclusive. 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