TRENDS IN LOGISTICS AND SUPPLY CHAIN MANAGEMENT A FOCUS ON RISK

Abstract

The logistics and supply chain management domain faces a number of ongoing trends and resultant issues includes costs, the globalization of supply and markets, time compression, product complexity and shrinking product life cycles, quality of performance and service, a shortage of logistics and supply chain management talent, their impact on the natural environment, and risk and disruption and supply chain security.  This paper discusses and synthesizes these important trends and focuses on risk as an issue that, besides cost, underlies and/or affects almost every other trend.  These trends are also related to the context of Thailand and Asia due to their importance in the run-up to the Asian Economic Community (AEC) 2015.  Some suggestions are provided for risk mitigation strategies that will address the other trends.