Articles
Risk Management
Balancing Risk Management With Your Operations Strategy
As the nation’s economy recovers from the recent downturn, the domestic freight industry represents a leading indicator of commercial activity and (hopefully) corporate profits. Asset-based carriers, a segment that has taken it on the chin the past few years, are thought to have pricing power because increasing freight volumes—albeit off severe lows—have been met with […]
Read MoreAct of God or Act of Government?
International airlines expect to lose more than $2 billion due to disruptions resulting from the recent volcanic eruption. And, they are setting the stage to ask for government support.
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Trends—May 2010
Despite Interruptions European Integrators Express Themselves When an ash cloud from Iceland’s Eyjafjallajökull volcano forced the closure of most European airports and airspace in April 2010, express carriers TNT and DHL activated contingency plans and ramped up ground operations to cope with the service disruption. "The ground network allowed TNT to keep delivering customers’ goods […]
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Reducing Risk with Trade Disruption Insurance
Because doing business in the global marketplace has become more risky, U.S. companies need to be their own best advocates. Exporters and importers should take precautions to minimize risks to profitability and viability in world trade. One step is investing in trade disruption insurance (TDI). SMART PROTECTION First written for the London Market in the […]
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New Year, New Insurance Review
The start of the new year is the time to make resolutions, and risk managers should resolve to review their operations to ensure that risk and insurance programs are in order. Your risk review should address several key questions: Are you planning to offer new services? If so, consider your insurance obligations before the transaction […]
Read MoreContingency Planning: Get Ahead of the Game NOW
It comes with the territory. Those of us who make our living in the fiercely competitive world of transportation, logistics, and supply chain management have developed an intense focus on consistently meeting and exceeding customer needs. Although most of us already operate under the credo “we need to do our work better tomorrow than we […]
Read MoreLogistics Contingency Planning
Can your company weather a logistics disaster such as a terrorist attack, airport closure, or worker strike? These sudden disruptions can strand you—along with your customers’ freight. Here are tips on planning for a crisis, and handling emergency shipping when a major disruption happens, from Joel Childs, vice president of marketing, FedEx Custom Critical. 1. […]
Read MoreLet’s Mobilize Our Disaster Management Expertise
It struck me a few years back. Earthquakes in Turkey and Taiwan. Floods in Curacaos. Disaster upon disaster hit nations where Fritz Companies’ employees were based and we didn’t have a plan to help them and their families. In fact, when I called around to other companies at the time, I couldn’t find anyone that […]
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