Impact Of Transportation Risks and Suppliers Risks on Risk Mitigation Strategies in Upstream Logistics

An Empirical Study of the Oil Marketing Sector of Pakistan

 ZAFAR IQBAL KIRAMATULLAH KHAN ASIM SHAHZAD

MBS1017-00056 MBS1017-00024 MBS1017-00038

ABSTRACT
Oil Marketing Companies (OMCs)adopt approaches of supply chain risk management with a focus on risk assessment and risk mitigation. They identify risk and develop strategies to mitigate their effects. The companies which recover from shock are prepared to tackle supply chain risks. Despite the best planning and preparations, sometimes an event happens that was not anticipated, or planned to happen. Mitigation strategy doesnt work as planned. When this happens, companies be able to react quickly, assess impact, determine best response(s),implement in a timely manner.

 The main goal of this research is to apply supply chain as well as risk management concepts on oil marketing companies, specially in case of Pakistani companies. It also aims to determine the factors that mainly disrupt the oil supply chain in oil processing and transportation facilities.