Protecting against business interruption
The Coronavirus and the impact felt throughout the world has demonstrated how vulnerable our interconnected global supply chains are to any sort of disruption, be it political, economic or human. Businesses of all size and complexity need to take time to fully understand the risks and consider how to respond decisively and proportionately if disruption emerges in their supply chain.
Businesses need to ask some critical questions of their own supply chains and while some may seem obvious, gaining complete transparency of an interconnected supply chain and the potential associated risks, and putting appropriate business interruption operations into action, can often prove challenging.
As well as the obvious operational impact, businesses also need to consider the impact of potential supply chain disruption on their bottom line.
The Supply Chain Risk Management Conference by Commercial Risk, now in its fourth year, will bring together risk and insurance managers, supply chain and procurement experts, insurers, brokers and the specialist service sectors to tackle what is unfortunately proving to be a business critical issue.