supply chain risk News

Supply Chain Problems Move from China to U.S. and Other Nations

Freight carriers are struggling to deliver goods by land, sea or air as the coronavirus pandemic forces Western governments to impose lockdowns, threatening supplies of vital products including medicines into the most affected areas, such as Italy. While China’s draconian …

Canada’s OutsideIQ & SAP Ariba Partner to Assess Risk, Compliance

OutsideIQ, a Canadian startup which uses cognitive computing to analyze data, is partnering with the world’s largest business commerce network, SAP Ariba , to help corporations quickly screen vendors for risk and regulatory compliance, they said. Companies spend a significant …

Aon Outlines New Growth Paths for Re/Insurers at 14th Hazards Conference

Aon Benfield is examining how insurers and reinsurers can identify and capitalize on new growth opportunities amid challenging market dynamics at its 14th Biennial Hazards Conference in Australia. Aon noted that it’s “one of the largest gatherings of hazard risk …

UK Insurers to Stress Test Capital Reserves Against Synchronized Terrorist Attack

UK regulators have asked property and casualty insurers to stress test their capital reserves against catastrophes, including a synchronized terrorist attack in London, New York and one other major city. The Prudential Regulation Authority (PRA) published the exercises last week …

Technology, Supply Chain & Regulation Top ACE Europe’s List of EMEA Risks

A list, compiled by the ACE European Group, sets out the “new wave of interrelated, fast-changing risks, reflecting rapid changes in the global economic landscape and the increasing role of technology and multinational expansion as growth drivers, tops the list …

Top 5 Risks For Grocers That Are Often Uninsured

Grocery retailers traditionally face a number of risks that are not covered by typical property, crime or cyber insurance programs. A new white paper report from global independent insurance broker Lockton — “Insuring the Operational Risks of Grocers with Intangible …

Airlines Banning Bulk Shipments of Lithium Rechargeable Batteries

Replacing smartphone batteries just got harder. Fearing cargo fires like one that caused a United Parcel Service Inc. freighter to crash into the desert near Dubai in 2010, at least 18 airlines have banned freight shipments of lithium-ion rechargeable batteries …

Supply Chain, Data Breach, Political Unrest Top Overseas Risks for Businesses: Chubb

As U.S. and Canadian businesses plan to expand their business overseas this year, their executives are worried about supply chain failures, data breaches and political instability, according to a survey by the Chubb Group of Insurance Companies. The 2014 Chubb …

Tepco Will Not Pursue Compensation from GE, Other Suppliers Over Nuclear Disaster

Tokyo Electric Power Co. shareholders rejected a proposal to look into pursuing claims for compensation against companies that supplied parts for the crippled Fukushima nuclear plant, including General Electric Co. Shareholders at Thursday’s annual general meeting for the company known …

Marsh Cites ‘Lessons Learned’ from Bangladesh Factory Collapse

A report from Marsh on the recent Rana Plaza factory collapse in Bangladesh that killed more than 1,100 people cites the “serious risks that labor conditions can pose not only to workers, but also to organizations’ reputations, supply chains, and …