Since the 1980s, globalization – the increased interdependence of large multinational and smaller domestic companies on international labor, raw materials, production, warehousing, distribution and commercial sales – has amplified supply chain risk in ways both predictable and surprising.
Moving raw materials and finished products long distances creates an expected increase in risks. Given that the multitude and variety of risks are becoming more predictable, the leadership of multinational and domestic companies can benefit from taking a closer look at how global interdependence affects each link of their supply chain.
"Supply chain risks are legion, especially given the backdrop of globalization. Further, there are any number of elements within each industry that can prove problematic under the right conditions – or, for that matter, under normal conditions," said
"A proactive response by industry leaders can mitigate many production and distribution risks, and help them prepare judiciously for less-likely risks that may, one day, occur," he explained.
The "Does Your Supply Chain Harbor Hidden Risks?" white paper is available on
To learn more about our specific target classes and QBE's commitment to providing unique and comprehensive risk management solutions tailored to the manufacturing industry, please visit QBEsolutions.com/manufacturing or contact your local underwriter today.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/new-white-paper-from-qbe-outlines-proactive-strategies-to-reduce-risk-in-the-supply-chain-300346003.html