Technical Papers - Automation and Optimisation
As supply chains become more global and interconnected, their exposure to risk increases. Higher demand volatility, unprecedented technologocial changes, and supply chain speed intensify risk exposure. In this context, academics and practitioners often suggest that supply chain have not been as exposed to risks as they are now since the end of WWII.
“Everyone has a plan, until they get punched in the face.” This quote is attribute to former world heavyweight champion Mike Tyson, and today, it is quite a similar reality for terminals preparing strategies in a hyper-competitive market. As of this level of competition, the maritime transportation industry faces both challenges and opportunities.