What does it mean when a company tries to mitigate their transportation risk? How can they accomplish this?
Answer to relevant QuestionsWhat is the role of insurance in transportation risk management? Why is global transportation such an important issue? What is the role of trade terms in global transportation? Briefly describe the four groups of Incoterms. What value do third party logistics companies bring to global transportation execution? Given the high cost of international air freight service, why would companies choose this mode of transportation?
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