Supply chain risks regularly hit the top of the charts of the severest threats to businesses, especially in export driven nations like Germany. Accordingly, underwriting as well as claims handling often proves complex.
The list of potential risks to supply chains is long and keeps growing. In this context, I found the article linked below on trade risks between Australia and China interesting. First, because a number of countries are currently facing the threat of trade wars and, secondly, because it shifts our European focus to trade relations in other parts of the world - which might, however, also (indirectly) impact European suppliers.
On 11 September 2018, we will be co-hosting a roundtable on supply chain risk management and insurance in Frankfurt. If you would like to receive a copy of the programme and are interested in attending, please get in touch.
Accordingly, when assessing and preparing for risk to their supply chains, Australian businesses should consider not only the traditional, narrowly defined, supply chain risks (i.e. risks related to the physical, regulatory and political vulnerability of goods in transit to and from China), but also trade risks.