Risk Management in Logistic Activities of a Trading Company

Abstract

Risk is an integral part of business. The volatility and unpredictability of the organization's external environment complicates risk management for the firm. The activity of a trade organization depends on the efficiency of logistic risks management, which in the majority of cases, may have negative consequences for the company. We provided the classification of logistic risks depending on the level of their occurrence. The principles of management of the company's logistics risks are considered. We assessed the relevance of international standards of risk management to the management of logistics risks in the trade area. The individual stages of risk management were examined in relation to the logistics of a trade organization. The article explored the use of risk maps and mapping of logistic risks in the process of risk management. We examined main methods of logistic risk management in the activities of a trading company.