What Is Supply Chain Interruption Insurance?

A business supply chain is generally organized into three primary parts, or links, all of which can suffer interruption and cause financial loss to others in the product flow: The parties and processes involved in getting raw materials or components to a manufacturer The manufacturing process itself The distribution of goods for eventual sale to…

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Supply Chain Risk Management

While lean production has become a cornerstone of successful supply chain management and a way for businesses to stay flexible and responsive to changing tastes in their markets, the dependence on and relationship with suppliers resulting from outsourcing and minimizing stock creates a host of exposures. Successfully navigating and managing the risks presented by a…

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Risk Management for the Supply Chain

You’re probably tired of hearing about issues with the supply chain since the pandemic. While lean production helps companies stay efficient, it also amplifies the possibility of disruption when there’s no stock on hand to cover a hiccup from farther up the chain. The results of these widespread issues with the supply chain go far…

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