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Supply chain managers are in a risky business. Does the insurance industry have their back?
In recent years, global supply chains have experienced risk piled on risk, threatening both the physical movement of goods and the cost of importing and exporting. President Trump’s on-again, off-again tariffs are only the latest headache to confront traders and their supporting supply chains. At times like these, insurance should be a priority. But are companies fully aware of the need for protection? On this episode, we discuss the state of the insurance industry, and whether it’s providing the necessary buffer against an endless series of shockwaves, with Jeff Lang, president, retail property and casualty with Venbrook Group, a holding company with subsidiaries in retail and wholesale insurance brokerage. He tackles issues of rising premiums, the need for business interruption insurance, shifting risk profiles, and whether insurance carriers can afford to pay out on the massive claims that arise from so many disruptions and disasters. And what constitutes adequate insurance coverage these days, anyway? Hosted by Bob Bowman, Editor-in-Chief of SupplyChainBrain.
Show notes:
An article by Jeff Lang: “How to Build a Disruption-Ready Supply Chain.”
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