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Nick Wildgoose, Board Member of the Supply Chain Risk Leadership Council
This is a timely reminder, especially with the ongoing supply chain challenges arising from geopolitical conflict, high inflation and an increasing risk of global recession.
Supply chains are complex, and unique to each business. With 20% of products producing 80% of annual profitability for many companies, having a robust risk management approach is critical to future-proofing supply chains and should be a key priority on every company’s corporate agenda.
Having a thorough understanding of your company's supply chain, and identifying where all the risks lie, is fundamental to developing effective risk management strategies. It involves mapping the full supply chain and all business processes, as well as understanding what makes it vulnerable.
Being able to answer the following questions can go a long way towards building your company’s supply chain resilience.
The Spectre of Disruption is a two-part Chubb report designed to help you ask the right questions about your company’s supply chain. The reports explore:
Download the reports
Part 1: Supply chain disruption and what it means for business
Contact us to find out how we can help you get covered against potential risks.
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Disclaimer - All contents of this article are intended for general information/guidance purposes only and not intended to be an offer or solicitation of insurance products or personal advice or a recommendation to any individual or business of any product or service. This article should not be relied on for legal advice or policy coverage and cannot be viewed as a substitute to obtaining proper legal or other professional advice, or for reading the policy documents. You should read the policy documents to determine whether any of the insurance product(s) discussed are right for you or your business, noting different limits, exclusions, terms and conditions apply in each country or territory, and not all cover is available in all countries or territories.