The three biggest risks in logistics
New logistics risk ranking: survey series by the Logistics Hall of Fame in cooperation with the SCHUNCK GROUP looks at the current risks facing the logistics industry and how companies are preparing against them. Labour shortages, cybercrime and supply chain disruptions are major challenges for logistics companies.
- New logistics risk ranking: survey series by the Logistics Hall of Fame in cooperation with the SCHUNCK GROUP looks at the current risks facing the logistics industry and how companies are preparing against them.
- Labour shortages, cybercrime and supply chain disruptions are major challenges for logistics companies.
Ismaning/Munich, November 23, 2022 - Logistics is a volatile business worldwide. More than ever, current trends and global political developments are creating new challenges and putting pressure on supply chains. But which risks are decisive and demand a rethink for the future? The first survey as part of a new survey series, which the Logistics Hall of Fame has initiated together with the SCHUNCK GROUP, shows a clear result: The ongoing shortage of skilled workers, cybercrime and supply chain disruptions are currently causing the most problems for the logistics industry in the DACH region.
According to the respondents, the biggest risks currently confronting the logistics industry worldwide are the shortage of skilled workers (71.8 percent), followed by cybercrime (64.1 percent) and, in third place, supply chain disruptions (48.7 percent).
The picture is similar when it comes to the specific risks to the individual company. Here, the shortage of skilled workers also occupies first place in the individual risk ranking (62.5 percent). However, supply chain interruptions (47.5 percent) rank ahead of cybercrime (45 percent).
Political risks (43.6 percent) and climate change (18 percent) followed as general dangers, as did political risks (37.5 percent) when asked about their own companies. In contrast, business interruptions, the outbreak of a pandemic, market changes and loss of reputation played a lesser role.
"Topical issues such as supply chain problems and a shortage of skilled workers dominate the logistics risk ranking, but logistics executives have also realized that data-driven business models in logistics offer more and more gateways for cyber criminals to infiltrate logistics chains, reroute flows of goods or paralyze operations," says Thomas Wicke, Managing Director of the SCHUNCK GROUP. "However, the fact that cyber attacks can become a problem for companies of all sizes is often forgotten or ignored. Even for small companies, damage in the millions can quickly occur. That's why it's important to be well protected against the effects of the risks," Wicke continues.
To fight the risks, the executives surveyed specified a number of ongoing measures, including early employee retention activities, comprehensive training programs, work on top employer branding, and the formation of task forces to motivate in-house staff and recruit external forces, among others.
"Existing measures can be supported by suitable solutions that pay off in retaining employees and increasing employer attractiveness," says Wicke, describing the possible approach. To protect against cybercrime, companies said they consciously invest in IT security, regularly hack themselves to detect security vulnerabilities, purchase monitoring systems, and secure processes and install regular backups.
The SCHUNCK GROUP (www.schunck.de) is the leading insurance broker and service provider in the logistics industry. The group convinces with competence and long-standing expertise as well as innovative products and IT solutions. The focus is on consulting and brokering customized insurance solutions for individual risks for medium-sized companies. The insurance portfolio ranges from transport liability and goods transport to business, environmental and product liability, provision management, bad debt and factoring as well as cyber insurance. SCHUNCK was founded in 1919 and is part of the Ecclesia Group. With more than 2,400 employees, the Ecclesia Group is the largest German insurance broker for companies and institutions. Headquartered in Munich, SCHUNCK also has nine branch offices in Germany, a subsidiary in Spain and a global network of over 590 brokers worldwide.
The Logistics Hall of Fame was founded in 2003 and honours leading figures who have made outstanding efforts to promote the further development of logistics and supply chain management. This eternal pantheon is also designed to remind future generations of the achievements of these individuals in the service of logistics. The aim of the Logistics Hall of Fame is to act as a worldwide platform to publicise the performance capability of logistics and its importance for society. The Logistics Hall of Fame also presents the TRATON Logistics Leader of the Year Award to current pacesetters in logistics. It is sponsored by TRATON SE. In addition, the Logistics Hall of Fame recognizes innovative logistics projects by humanitarian organizations with the Lynn C. Fritz Medal for Excellence in Humanitarian Logistics. The donor is the Fritz Institute. The Logistics Hall of Fame is a non-profit initiative supported by the world of politics, associations, the logistics industry and logistics science. The patron is Dr. Volker Wissing, German Federal Minister for Digital and Transport.
Supporters of the Logistics Hall of Fame
Arbeitsgemeinschaft Logistik-Initiativen Deutschlands
Bundesministerium für Digitales und Verkehr (BMDV)
Bundesverband Güterkraftverkehr Logistik und Entsorgung (BGL)
Bundesverband Materialwirtschaft, Einkauf und Logistik (BME)
Bundesverband Paket und Expresslogistik (BIEK)
Bundesverband Spedition und Logistik (DSLV)
Bundesverband Wirtschaft Verkehr und Logistik (BWVL)
Bundesvereinigung Logistik (BVL)
Deutsches Verkehrsforum (DVF)
Duisburger Hafen (duisport)
Fehrenkötter Transport & Logistik Gruppe
Förderverein Logistics Alliance Germany
GARBE Industrial Real Estate
impact media projects
International Federation of Freight Forwarders
nternational Road Transport Union (IRU)
LTG – Landauer Transportgesellschaft Doll
RIO – THE LOGISTICS FLOW
TGW Logistics Group
TRATON GROUP (Stifter)
Verband der Automobilindustrie (VDA)
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