Maritime Logistics and Supply Chain Security
ISBN: 978-1-78052-340-8, eISBN: 978-1-78-052341-5
Publication date: 12 January 2012
Despite a hangover from the worldwide economic crisis, international trade rebounded nicely with a record-level growth in late 2010. A sharp rise in international trade has sparked the international traffic growth. A majority of this traffic growth originated from maritime logistics which could move cargoes in large volume and at cheaper freight costs. Due to its cost-efficiency and easy access, maritime logistics typically accounts for more than half of the worldwide freight volume. However, maritime logistics poses a greater supply chain risk, since ocean carriers used for maritime logistics are more vulnerable to unpredictable weather conditions, piracy attacks, terrorist hijacking, and cargo damages on the open sea than any other modes of transportation. Also, given the vast areas that maritime logistics covers, it is more difficult to protect maritime logistics activities from potential hazards and threats.
To better protect maritime logistics activities from potential security lapses, this chapter introduces and develops a variety of systematic security measures and tools that were successfully used by best-in-class companies and government entities across the world. Also, this chapter proposes a total maritime security management model as a way to formulate maritime risk mitigation strategies. To elaborate, this chapter sheds light on the roots of maritime security measures and tools, the ways that those measures and tools are best utilized, the roles of advanced information technology in maritime security from the global supply chain perspectives, the visualization and identification of potential maritime and its related supply chain risks, and policy guidelines that will help enhance maritime security.
The author thanks the Korea Ocean Research & Development Institute (KORDI) for partly funding this research project and the President of KORDI, Dr. Jeung-Keuck Kang; Director General of the Maritime & Ocean Research Institute (MOERI), Dr. Yong-Kon Lim; and the KORDI Researcher, Dr. Jong-Won Park for their continuous support and encouragement throughout this research project.
Min, H. (2012), "Maritime Logistics and Supply Chain Security", Song, D.-W. and Panayides, P.M. (Ed.) Maritime Logistics, Emerald Group Publishing Limited, Bingley, pp. 91-116. https://doi.org/10.1108/9781780523415-006
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Copyright © 2012 by Emerald Group Publishing Limited