Global Supply Chain Insurance: Protecting Trade in Uncertain Times
1) Why It Matters
- Pandemics, wars, and cyberattacks disrupt global logistics.
- Delays and losses cost companies billions annually.
2) Coverage Options
Coverage | Details |
---|---|
Transport Delay | Compensation for late shipments |
Loss/Damage | Coverage for goods in transit |
Cyber Risk | Protection against digital supply chain attacks |
3) Example
A U.S. electronics importer faced $5M in losses after a port cyberattack. Supply chain insurance covered $4M, saving the company from bankruptcy.
Conclusion
Supply chain insurance in 2025 is essential for businesses facing unpredictable global risks. It ensures resilience and protects trade.
Labels: Insurance,Trade