Conrad-Houston Insurance Blog
Managing the Risks of Supply Chain Interruptions
1/19/2012 10:39:01 AM
Your whole sales business forms as a part of a chain of businesses that runs between manufacturers and customers. With any number of businesses in between who are all reliant on the smooth movement of goods to remain viable. Disruptions anywhere in the chain can affect you and other businesses, and the snowball effect can, in a worst case, be financially catastrophic. There are types of insurance policies designed to cover situations like this that you can add to your Alaska insurance, that may help you get through a period of compromised productivity.
No matter how well you have your management systems set up, you can’t control what may be happening a long way away. Strike action in a country that manufactures mechanical components could halt the flow of new goods; a backlog on shipping docks could result in your containers sitting in stacks for months; a train derailing somewhere along the transport line could mean your goods – coming or going – could be stuck somewhere for an unpredictable length of time; or a catastrophic weather event could close you down, compromising your ability to meet commitments. The possibilities are endless.
Speak with your Alaska insurance agent about coverage to manage the risks you may face. You need to be secure in the knowledge that you can manage your financial commitments during times when your supply chain might be compromised.
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No matter how well you have your management systems set up, you can’t control what may be happening a long way away. Strike action in a country that manufactures mechanical components could halt the flow of new goods; a backlog on shipping docks could result in your containers sitting in stacks for months; a train derailing somewhere along the transport line could mean your goods – coming or going – could be stuck somewhere for an unpredictable length of time; or a catastrophic weather event could close you down, compromising your ability to meet commitments. The possibilities are endless.
Speak with your Alaska insurance agent about coverage to manage the risks you may face. You need to be secure in the knowledge that you can manage your financial commitments during times when your supply chain might be compromised.
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