In March, a large container ship blocked the Suez Canal for six days, costing nearly $400 million an hour in global trade losses. Now, cargo and vessel owners are asking, “Who foots the bill?”

A manufacturing error out of a plant in Baltimore has made 15 million doses of the Johnson & Johnson COVID-19 vaccine unusable.

Distributing the COVID-19 vaccine requires collaboration from multiple stakeholders, opening organizations up to cyber and other risks in the process.

Despite little immediate property loss, megaships pose serious challenges to marine insurance and risk management.

Insurers are actively vetting supply chains and their own operations to put an end to human economic exploitation.

As supply chains continue to lean into a digitized marketplace, it is imperative that risk managers view every potential threat that could manifest into a true cyber catastrophe.

In their annual risk report, Allianz reported that the risk of pandemic outbreak skyrocketed to the top of 2020’s largest risks. Other risks that are usually ranked high, including business interruption and cyber risk, became even more prominent amid COVID-19. 

Insurers need to be ready to handle the growing exposures insureds face when shifting suppliers in the midst of global disruption

From cyber attacks and supply chain disruptions to new safety concerns, here’s how COVID-19 has affected the already hardening transportation sector.

Managing global supply chain risk during COVID-19 has required a drastic turn from the old ways of supply chain risk management.

During the pandemic, renewable energy supply chains have tightened due to equipment stockpiling, obsolete equipment and growing order backlogs.

COVID-19 revealed weaknesses in traditional methods of risk management. The lessons learned can help create a stronger global economy.

The COVID-19 has hit global supply chains with shocks whose impact could reach farther and last longer than any other event.

As toll manufacturers grapple with supply chain risk, carriers step up where they can. Here are the lessons other industries can learn.

COVID-19 business interruptions are hitting the retail sector particularly hard; here’s how supply chains are coping with panic-buyers.

Businesses pivoting to address COVID-19 hold lessons for how we can create a more resilient society.

Despite Amazon having its most successful shipping day in history, insurers are still grappling with the risks stemming from the conglomerate’s need for speed.

Global supply chains were once thought a way to reduce both risk and cost. With tariffs and sanctions on the rise, those far-flung networks suddenly seem exposed.

Uncertainty in international trade, the rising popularity of product boycotts and the dominance of Amazon in the e-commerce market are just some of the risks retailers should keep on their radar.

Distributed ledger technology has the potential to improve supply chains worldwide and to minimize product recall losses. Now is the right time to prepare for widespread adoption.