Risk Management

By Patrick Burnson · July 7, 2016
With its transportation network running through some of the world’s most complicated and high-risk countries in the world, this global shipper of heavy oil and pipeline equipment describes how the right policy saved it from a catastrophic, million dollar loss. Cargo Insurance, Cargo Security
By Patrick Burnson · April 1, 2016
The potential abuse of flags of convenience has again been brought to center stage with a feature in the Financial Times that argues that global terrorism is exploiting weaknesses in supply chain tracking and tracing.
By Patrick Burnson · March 24, 2016
Shipping losses continue their long-term downward trend with 85 total losses reported worldwide in 2015, according to the Allianz Global Corporated & Specialty (AGCS) fourth annual Safety and Shipping Review 2016.
By Patrick Burnson · December 4, 2015
U.S. multinationals engaged in Pacific Rim commerce also appear to have a high threshold for risk, notes recent research done by Resilinc, a cloud provider of supply chain resilience and risk management intelligence and analytics
By Patrick Burnson · November 12, 2015
Federal officials should forge a comprehensive strategy to defend the nation’s ports from cyber attacks, Port of Long Beach Director of Security Services Randy Parsons told a U.S. House of Representatives committee in testimony earlier this month.
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By mmckeon · September 28, 2015
A strong El Niño is coming. The recent flooding from Severe Tropical Storm Etau in Japan is the first significant manifestation of El Niño and it may serve as a wakeup call. Even if you are not impacted by Etau, this is a test of your risk management and resiliency leadership and culture. If you get blindsided by El Niño, you have no one but yourselves to blame.
By Patrick Burnson · June 9, 2015
While physical threats to international sea and air cargo gateways have been top of mind ever since the events of 9/11, security analysts say more attention should be given to reduce exposure to internet penetration and hacking attacks. Should existing cyber security processes be compromised, they add, a cascading effect might be created, thereby disrupting huge segments of any given supply chain.
By Patrick Burnson · March 23, 2015
Zurich Insurance and their head of Strategic Business Risk, Linda Conrad, are sharing some interesting insights into the longer-term financial implications of the prolonged West Coast port disruption for retailers across the country.
By Patrick Burnson · August 29, 2014
Supply chain security provider Freightwatch International has released its semi-annual report on cargo theft in the Asia Pacific region for the first half of 2014, which contains some heartening news for U.S. shippers reliant on trucking, warehousing and retail.
By Patrick Burnson · June 11, 2014
“We live in a volatile world and whether that’s because of what nature wrought or the human element, every nation is prone to some form of risk,” said Margareta Wahlström, United Nations Special Representative of the Secretary-General (SRSG) for Disaster Risk Reduction.
By Patrick Burnson · January 30, 2014
According to research published recently by CDP and Accenture, companies are increasingly recognizing climate risk in their supply chains. But investment in emissions reductions programs is going down.
By Patrick Burnson · January 21, 2014
When the commercial real estate service Cushman & Wakefield released its year-end national market research data this week, some important regional advantages were outlined in detail.
By Patrick Burnson · November 12, 2013
Direct physical losses from disasters are not only following a steady upward path, but are also rising more rapidly than regional GDP
By Patrick Burnson · October 30, 2012
While Hurricane Sandy continues to wreak havoc in the Northeast and Mid-Atlantic regions of the United States, a new focus on risk mitigation is sure to take hold.
By Jeff Berman · March 1, 2012
Dealing with challenges and the unknown is considered a given for supply chain and logistics managers. When the unexpected happens, it is imperative that they are taking steps to manage risks in an efficient and proper manner. But according to a report from Accenture and the World Economic Forum, entitled “New Models for Addressing Supply Chain and Transport Risk,” that is not always the case.

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