Rising tariffs create hidden insurance risks for U.S. importers, requiring updated cargo coverage strategies in an increasingly complex global supply chain environment.
Global trade patterns face disruption as geopolitical tensions reshape traditional business relationships and risk management approaches, Marsh reports.
Labor and interest rate issues have been top risk concerns for the construction sector in recent years. Construction supply chain risk management is also a key focus.
“In the supply chain, there’s a significant push for increased visibility, which involves using technology to see beyond the first level down to the second, third, or even fourth tier. This integration between conveyances allows for tracking, tracing and predictive analytics.”
“As brokers, we uniquely see both sides of the aisle in the transaction. Transparency and timeliness are two words that stand out to me that could be improved on in helping our clients make educated buying decisions.”
The Suez Canal incident is having a significant inflationary impact, particularly in East Asia. Some estimates suggest that the blockage is decreasing East Asian GDPs by 3 to 5% due to disruptions in the movement of goods.
The 2024 FM Global Resilience Index, with six new risk factors, guides businesses in strategic decision-making on property and operations in the most resilient business environment.