Supply Chain Exposure - Don't Let Insurance Become the Weakest Link [Presentation]
Using third-party suppliers to provide critical parts or services has become commonplace for manufacturers around the world. Global supply chains help manufacturers increase competitiveness and reduce the cost of doing business. But they also increase risk.
The floods in Thailand and tsunami in Japan were a wake-up call for the industry. Well-known electronics, computer and auto manufacturers experienced losses in the hundreds of millions of dollars when they couldn't get critical components from their suppliers.
This Slideshare explores the challenges facing insurers as well as solutions for this rapidly growing industry.