Literature review of business risk of transport services

Abstract

Purpose – to present an analysis of business risks assessment faced by transportation industry in trying to deliver services to customers from the point of production to storage and final deliveries to end users with a little insight to explain in simple terms what transportation, risk and business risk entails. Research methodology – the research was conducted using thorough scientific literature analysis method in the transport and logistics industry generally. Findings – these risks where identified, analysed, evaluated and at the end, a corresponding efficient way of minimizing them is proposed, having in mind that risk has remained inevitably a prerequisite for business to grow. You cannot eliminate risk completely.