Outline the key factors or considerations used in assessing the risks to global transportation flows. Include one or two examples for each factor.

Global traffic flows are subject to a range of risks. The highest percentage of concern is the risks associated with interactions with partners in the supply chain. The problems associated with the uncertainty of demand and the behavior of competitors are often noted, as well as errors in fulfilling orders and shortages on the part of counterparties, partners, and suppliers in the supply chain. Typically, many stakeholders withpoor messaging, oversight and resource allocation are essential factors. For example, in Hong Kong, prefabricated house projects are well known, but they face significant risks. Using the dynamic interdependencies identified during the analysis of social networks, a team of scientists identified the risks of this project, which made it possible to be ready for them. This proactive nature is rarely seen in large projects.

Other essential factors that are considered when assessing risks are natural disasters, political regulation of laws, and social factors. However, the most influential determinant is now the COVID-19 pandemic, which has changed worldwide lives. Risks of export and import by global transport flows have arisen due to the restrictions applied by the states’ governments, as well as the stoppage of air traffic between the countries. For many countries, exports from China play a decisive role in the economy, but it is impossible to go against the incidence rates. For example, the World Health Organization officials drew attention to the problem of imports and exports in the global air travel network, which have declined by 90-100% in some countries. It is based on cartographic and globally spatial information that should help countries fight for a common goal.

Answer by Academic.tip's expert
An answer to this question is provided by one of our experts who specializes in management. Let us know how much you liked it and give it a rating.

Cite this page

Select a citation style:

References

Academic.Tips. (2022) 'Outline the key factors or considerations used in assessing the risks to global transportation flows. Include one or two examples for each factor'. 28 October.

Reference

Academic.Tips. (2022, October 28). Outline the key factors or considerations used in assessing the risks to global transportation flows. Include one or two examples for each factor. https://academic.tips/question/outline-the-key-factors-or-considerations-used-in-assessing-the-risks-to-global-transportation-flows-include-one-or-two-examples-for-each-factor/

References

Academic.Tips. 2022. "Outline the key factors or considerations used in assessing the risks to global transportation flows. Include one or two examples for each factor." October 28, 2022. https://academic.tips/question/outline-the-key-factors-or-considerations-used-in-assessing-the-risks-to-global-transportation-flows-include-one-or-two-examples-for-each-factor/.

1. Academic.Tips. "Outline the key factors or considerations used in assessing the risks to global transportation flows. Include one or two examples for each factor." October 28, 2022. https://academic.tips/question/outline-the-key-factors-or-considerations-used-in-assessing-the-risks-to-global-transportation-flows-include-one-or-two-examples-for-each-factor/.


Bibliography


Academic.Tips. "Outline the key factors or considerations used in assessing the risks to global transportation flows. Include one or two examples for each factor." October 28, 2022. https://academic.tips/question/outline-the-key-factors-or-considerations-used-in-assessing-the-risks-to-global-transportation-flows-include-one-or-two-examples-for-each-factor/.

Work Cited

"Outline the key factors or considerations used in assessing the risks to global transportation flows. Include one or two examples for each factor." Academic.Tips, 28 Oct. 2022, academic.tips/question/outline-the-key-factors-or-considerations-used-in-assessing-the-risks-to-global-transportation-flows-include-one-or-two-examples-for-each-factor/.

Copy