Risk assessment of maritime supply chain security in ports and waterways
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Seaports and waterways are crucial for international trade, and damage to them may cost millions to the global economy. In the past, Malaysia has been threatened and attacked by terrorists, and pirates have hijacked ships near the coasts of the Strait of Malacca and the South China Sea. Such acts can negatively affect the country's maritime supply chain. This paper analyses the risk to Malaysia's maritime supply chain security in ports and waterways by applying a risk assessment matrix. The findings show that Malaysian ports are vulnerable to attacks and crime due to various factors. Also, Malaysia's waterways may always be at risk given the country's geographical location and status as one of the most important trade routes in the world. Mitigating the risk to ports and waterways can be accomplished by investing in more advanced security equipment, eliminating corruption, and increasing the military presence in the Strait of Malacca. This study may be able to help to increase ports' policy-makers' preparation and decision-making.
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