supply chain disruptions News

Rhine River Shipping Faces Another Historic Shutdown as Drought Hits Water Levels

The bustling boat traffic on Europe’s Rhine river ground to a halt for the first time in living memory last year, as shrinking alpine glaciers and severe drought made the key transport artery impassable. Those historic conditions could be repeated …

Sweltering Heatwave in Germany Sparks Wildfires, Forces Speed Cut on Autobahn

A blistering heatwave prompted Germany to impose speed restrictions on usually limit-free stretches of its high-speed motorways Wednesday, the latest sign of extreme weather events ruffling Europe’s largest economy. State authorities are reducing speeds to as low as 100 kilometers …

Rhine River Could Be Impassable to Ships this Summer if European Drought Returns

Germany’s Rhine River could be impassable to ships again this summer if Europe has another drought, a once-rare weather phenomenon that’s becoming more likely with an increase in the temperature. That’s the opinion of German and Swiss scientists who say …

UK Corporates Readying for ‘Hardest of Brexits’: Deloitte Survey

Major British businesses’ appetite to take on financial risk has fallen to its lowest level in nearly a decade due to fears of “the hardest of Brexits” and rising U.S. protectionism, a survey by accountancy firm Deloitte showed on Monday. …

Climate Change, Shrinking Glaciers Threaten Rhine River Shipping Access

Kevin Kilps’s car ferry churns the waters of Germany’s Rhine river as he steers toward the bank opposite Kaub, a scenic village just south of the rocky outcropping named after the legendary siren Lorelei. It’s typically a busy stretch of …

Cyber Joins Business Interruption as Top Global Business Risks: Allianz Survey

Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes supply chain disruption) is the major risk for companies …

Cyber Incidents Most Feared BI Trigger for Global Companies: Allianz Risk Report

Business interruption and cyber incidents interlink as the major threat facing companies over the coming year, according to a report published by Allianz Global Corporate & Specialty (AGCS). Allianz revealed that business interruption – including supply chain disruption – ranks …

Global Protectionism Risks Economic Growth: Zurich, Atlantic Council

A rise in global protectionism stemming from a backlash against free trade and globalization could have significant impact on economic growth, poverty levels and the potential for military conflict, according to a new report from the Atlantic Council and Zurich …

Geneva Association Study Analyzes Asian Flood Risks, Insurability

The Geneva Association has released a 47 page report that details the particulars of insuring the risks from floods in Asia’s “high growth” markets. “In Asia, the insurance protection gap is yawning particularly widely,” the study concludes. “Less than 10 …

Sites of 2 Deadly Louisiana Plant Explosions Still Closed

Plants that were the sites of two chemical explosions a day apart in south Louisiana remain closed, and it could be months before federal investigators determine the causes of the blasts that killed three workers and sent nearly 100 others …