All supply chain risk articles – Page 6
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Analysis
COVID prompts supply chain ‘overhaul’
Automotive industry has taken the strongest hit as a result of production stoppages and trade restrictions - EIU
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Analysis
Recall rates remained high in Q2 - Sedgwick
Corporates with global supply chains and a heavy reliance on efficient manufacturing are feeling the brunt
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Supply chain woes hit UK firms
Manufacturing and hospitality are some of the sectors impacted by post-Brexit supply chain issues
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2021 on target for economic growth of 6.2% - Atradius
Pace of recovery is “generally surprising” among advanced markets, but new COVID variants pose a threat
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The reinvention of supply chains
Near shoring and technology will shape the post-COVID supply chain, thinks AXA XL’s Pascal Matthey
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Port closure signals further strain for global trade
Partial closure at China’s Port Ningbo adds to global supply chain woes, threatening $172 billion of goods - Russell Group
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Sustainable procurement intrinsic to robust supply chains
Sustainability initiatives ensured 63% of buyers and 71% of suppliers were stronger through the pandemic - survey
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Almost half of food recalls avoidable - RQA
A large majority of recalls emanate from packaging mistakes, which are costly, reputationally damaging and avoidable
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AGCS: Bigger ships, bigger exposures
Suez Canal incident shows ever-increasing vessel sizes exacerbates marine and supply chain risks
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$19 billion exposed at South Africa ports
Violence in the aftermath of Jacob Zuma’s sentencing has spread to Durban and Richard Bays Terminal - Russell Group
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COVID-19 forced firms to ‘cut corners’
Under mounting pressure to increase revenue and profits, with just 40% of European organisations carrying out adequate due diligence - Refinitiv
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Analysis
‘Colossal’ ransomware attack hits 200 firms
Attack on Miami-based IT supplier Kaseya was timed to coincide with the 4th of July celebrations
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Analysis
Climate warning for cotton/apparel industry
One third of India’s cotton growing regions face severe climate risks by 2040 if carbon emissions continue to soar
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Lessons from the vaccine supply chain
How risk managers can learn vital lessons in resilience from the global vaccine effort
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COVID masks Brexit impact on UK-EU trade
UK trade with the EU has declined at twice the rate as trade with the rest of the world - Atradius
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Child labour an emerging supply chain risk
Organisations are urged to take action to root out child labour within their supply chains as numbers grow to 160 million worldwide
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Analysis
IoT is a supply chain risk "game-changer"
Aon’s vaccine insurance solution demonstrates the technology’s potential in the insurance market, says GlobalData
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Lessons in risk from the Suez crisis
Suez, COVID and Brexit have challenged assumptions about the complex supply chain risks modern corporates must contend with
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COVID diverting attention from slavery risks
Businesses in financial services and technology could be dangerously unaware of the rising risks of modern slavery in their supply chain
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Analysis
Physical climate risk to test limits of diversification - Fitch
Companies with strong internal coordination and contingency planning will be better placed to respond to climate shocks