supply chain News

California Drought Bad Tidings for Rice Harvest

California’s deepening drought is shrinking its rice harvest, and that’s bad news for farmers, migratory birds and sushi lovers. The $5 billion industry exports rice to more than 100 countries and specializes in premium grains used in risotto, paella and …

Michigan-Based Kellogg to Suppliers: Disclose Carbon Emissions

Kellogg said it will step up efforts to reduce planet-warming emissions in its supply chain as part of a broader initiative designed to be more environmentally friendly. Under the plan, the Battle Creek, Mich.-based food products manufacturer will require key …

Rebounding Economy Spurs Growth in Cargo, Supply Chain Risks

A slow trend toward economic recovery in the U.S. may mean good news/bad news for insurance agents and brokers who handle commercial accounts with cargo and supply chain vulnerabilities. The good news is growth in sales and manufacturing will generate …

Aon Report Finds Loss of Company Reputation Linked to Crisis Events

According to the Aon-sponsored Reputation Review 2012, a report recently issued by Oxford Metrica, an independent analytics and advisory firm, 7 out of 10 companies “measured in the report that were impacted by disasters in 2011.”  They lost “more than …

Lloyd’s Analyzes Repercussions of Thai Flood Losses a Year Later

Lloyd’s has published an analysis of the floods that hit Thailand in October 2011, which notes that “after weeks of slowly spreading their way through many of Thailand’s provinces, flood waters eventually reached the capital city, Bangkok. There they remained …

Insurer Must Pay Missouri Firm $11M in Supply Chain Interruption Case

A federal jury ordered an insurance company to pay $11 million to a Joplin, Mo., company for damages caused by an oil pipeline leak. A federal jury in St. Louis returned the verdict. TAMKO Building Products Inc. said in a …

Re/insurers Increasingly Less Relevant to Global Economy: XL CEO McGavick

XL’s CEO Mike McGavick doesn’t mince words when it comes to looking at the big, and not very pretty, picture of the state of the re/insurance industry. Address emerging risks, innovate, create new products and provide potential insurance buyers with …

Drought, Low Export Demand Sap Midwest Economy

An August survey suggests that the continuing drought and lessening export demand for U.S. products are among the drains on the economy in nine Midwest and Plains states, according to a report released Tuesday. The Mid-America Business Conditions Index remained …

AIR Expands Cat Risk Engineering Program for Supply Chain Risk Quantification

AIR Worldwide announced that it has “expanded its suite of Catastrophe Risk Engineering (CRE) solutions to help quantify, mitigate, and manage the risk associated with the impact of catastrophes on supply chain networks.” AIR said its new offering would “help …

TT Club Finds Majority of Supply Chain Claims Caused by Human Error

An analysis from London-based TT Club, which provides insurance and related risk management services for the international transport and logistics industry, has revealed human error to be the main cause of supply chain claims. TT Club said its research is …