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Managing global supply chain risk during COVID-19 has required a drastic turn from the old ways of supply chain risk management.
Food recall costs billions in waste and lost inventory. Experts say blockchain could reduce the losses by increasing transparency and making it easier to trace the source of contaminated food.
Shake-ups are in store for food supply chains as climate change threatens the existence of many common crops consumers rely on every day.
Climate change and volatile weather events are turning once-arable land into inhospitable environments for a number of crops.
In a recent Wall Street Journal op-ed, the industry legend provides perspective and advice to China’s leadership.
Asian cultures have different risk appetites and recovery capabilities. Evidence shows facilities are being built repeatedly in disaster-prone areas.
Could a tsunami destroy everything from Boston to Miami? If it did, would we even stand a chance?
Captives can serve as a primary-layer risk-transfer mechanism. They can also allow organizations to access reinsurance to cover difficult-to-insure losses.
Some of the threats facing planes, trains and automobiles are ongoing, while others are just emerging.
Risk managers should assess how global protectionism will impact their supply chain.
As demand amps up, manufacturing companies have their hands full integrating new technologies and finding the next generation of talent.
Growing populations and rising property values, combined with an increase in high-severity catastrophes, are pushing the insurance protection gap to a critical level.
A recent supplier snafu saw KFC’s UK outlets run out of chicken. The growing use of analytics address supply chain and distribution vulnerabilities.
Marrying property and cyber coverage seamlessly is an area of increased focus for risk managers and underwriters.
There are billions to be made, but those transporting the product tread carefully.
Shifting strategies are influencing the way multinationals design their global programs.
Restaurant patrons call for locally sourced menus, but short supply chains up the risk of foodborne illness.
Key drivers are increased retail distress, but also bank eagerness to monetize.
Overall economic impact may reach $100 billion.
Underwriters now use the Internet of Things to help determine whether their agriculture and supermarket clients have adequate processes in place.
Nationalistic policies aim to boost American wealth and prosperity, but they may do long-term economic damage.