* Machine learning and AI to identify energy
transportation risk in wholesale (e.g., oil pipelines) and consumer (gas delivery to residential) in physical delivery assets.
* Global
transportation risk due to urbanization, population growth, and demographic change
In recent years, the demand for hazmat has increased, its freight volume has increased year by year, and the potential
transportation risk is also expanding.
According to Table 1, the evaluation objects for quality risk of the food supply chain can be generalized into five categories: raw material supply risk [33-37]; production and processing risk [34, 37-42]; logistics, warehousing, and
transportation risk [40-46]; sales and consumption risk [42, 47-51]; and government regulatory risk [52-57].
Some have a minimal
transportation risk but others, especially day camps and resident camps with trip programs, have significant
transportation risk.
"It's just much better for all involved to have a facility located actually in the region, where you minimize
transportation risk, you minimize cost associated with transportation, and then, of course, you're able to be a part of the community," Owens said.
"Lignite is not subject to the price volatility and transportation costs associated with other fuel sources and
transportation risk is virtually eliminated because the lignite is located with an 8-mile radius of the facility
"The ability to see what is happening ahead of you and to react to it is one of the most important things in driving,'' sid Chris Hayes, second vice president of
transportation risk control with Travelers, a Hartford-based insurance company.
In addition, using total cost and
transportation risk as objectives for this model can help decision makers to have a good tradeoff between environmental and economic aspects.
Heavy Goods
Transportation Risk Management, in Proc.
As the recent World Economic Forum (WEF)/Accenture report, New Models for Addressing Supply Chain and Transport Risk, points out, most enterprises have logistics and
transportation risk management protocols that can address localized disruptions.