Articles

Risk Management

German Trucks: It’s a Steal

German Trucks: It’s a Steal

Growing cargo thefts across Germany, resulting in product losses valued at $1.3 billion annually, have prompted business associations in the country to launch a joint initiative to tackle the problem. Physical cargo carried onboard almost 26,000 trucks is stolen in Germany every year, averaging a new attack on a truck every 20 minutes, according to […]

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You Can’t Control Mother Nature, But You Can Be Ready For It

You Can’t Control Mother Nature, But You Can Be Ready For It

For senior financial executives at large U.S.-based companies with operations in Texas, Florida, or Puerto Rico, the 2017 hurricane season served as a risk management wake-up call. Commercial and industrial property insurer FM Global surveyed these executives at companies with more than $1 billion in revenue and found: Nearly two-thirds (64 percent) of respondents say […]

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How to Prepare for the Unexpected

Disruptions are part of our world. Weather, labor strikes, materials shortages, and demand spikes or valleys are simply part of doing business. High-performing supply chain organizations are differentiated on how well they respond to the unexpected. Moments when things don’t go well should remind anyone involved in the intricate and complex supply chain process to […]

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Global Supply Chain Risk: Don’t Wait, Mitigate

Having a global supply chain risk management strategy in place can not only increase value to your customers but also reduce your costs and increase performance. Companies globalize supply chain management to increase competitive advantage, add value to the customer, and reduce costs through global sourcing. But global supply chains also increase risks from considerations […]

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Commentary: Mitigating Supply Chain Risk

Think of shipping cargo like a financial portfolio: It’s important to diversify. That’s because there are inherent risks when shipping via air and ocean: delays, damaged cargo, weather events, etc. Cargo insurance, though critical, isn’t always enough to protect you and your business. You need a plan that covers all the predictable and unpredictable risks, […]

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7 Solutions to Mitigate Global Supply Chain Risks

In a globalized economy where finalized products have components manufactured all over the world, effective management of supply chains is critical. Each party in the supply chain is dependent upon the other parties performing their responsibilities. If one party fails to perform its responsibilities the consequences can cascade both up and down the supply chain, […]

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5 Steps to Protect Your Supply Chain From Cyber Threats

With cyber threats affecting organizations worldwide, warding off cyber attacks and protecting against cyber espionage is becoming a top priority across industries. Manufacturers, distributors, and organizations, however, are not doing enough to make supply chains more resilient and prepared. Whether your business is large or small, a startup or 40-year veteran, major security issues stem […]

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Preventing Supply Chain Fraud

The consequences of supply chain fraud can be severe, yet many companies significantly under-scrutinize their processes. Smart companies have practices in place to help pinpoint and prevent fraud. Wade McDaniel, vice president of supply chain solutions, Avnet Inc., offers the following insight and recommendations to help your company address supply chain fraud. 1. Admit you […]

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Global Logistics—October 2016

Global Logistics—October 2016

Overcapacity Problems Sink Hanjin Shipping Right in the middle of the peak ocean shipping season leading up to the U.S. holiday rush, South Korean ocean liner Hanjin Shipping filed for bankruptcy protection in one dozen countries in late August and early September 2016. Hanjin is the world’s seventh-largest ocean carrier, and handles nearly 8 percent […]

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Chris Cotter

Accidents Happen: Is Your Transportation Partner Prepared?

When a personal injury or wrongful death lawsuit is brought against a commercial transportation company after a motor vehicle accident, creative lawyers are increasingly including negligence claims. Such claims focus attention on how the transportation company hires, trains, supervises, and disciplines its drivers. Falling short in these practices can form the basis for a jury […]

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Ken Harris

Who Are You Doing Business With?

In our ever-connected and increasingly global economy, aggregated, real-time global trade data—such as denied party screening results—helps businesses ensure protection and compliance. Denied party screening is critical in shipping and international trade, and essential for minimizing business risk today. Country governments and international organizations maintain lists of people, organizations, and countries they are prohibited from […]

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