Chain Reaction

In the current business environment, with its ever-increasing complexity and growing interdependence, knowing where you're going is the only way to cope -- and ultimately thrive. Therefore, the more thoroughly companies understand potential risks to their supply chain, the more likely they will meet or exceed financial goals. Modern predictive analytics is one way companies are assessing catastrophe-related supply chain disruptions locally and globally while creating risk mitigation models. For insurers, risk mitigation strategy includes business interruption coverage, which has focused primarily on an insured business's direct suppliers. New endorsements now extend coverage to when a supplier can't deliver because of business interruption among its suppliers. One link in supply-chain success is collaboration among all stakeholders.