Supply Chain
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AstraZeneca places innovative outcomes based policy that covers interconnected risks
AstraZeneca has placed an “innovative” 5-year business resilience insurance policy that responds to three connected risks by focussing on outcomes…
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Swerma hands out graduate awards
A research paper on electricity disruption to critical infrastructure has been recognised by the Swedish risk management association (Swerma) The…
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Ransomware attack affects Swedish alcohol sales
Alcohol sales in Sweden and France have been disrupted by a reported ransomware attack against a logistics company. Danish-owned Skanlog…
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European Parliament votes for ‘hard-fought compromise’ on CSDDD
MEPs have voted in favour of the Corporate Sustainability Due Diligence Directive (CSDDD), giving the final green light to rules…
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Baltimore bridge ship “unseaworthy”, claims city in lawsuit against owners
The city of Baltimore has filed a lawsuit against the operators of container ship Dali, which caused the collapse of…
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Parima heads to Manila for first of three conferences this year
The Pan-Asia Risk and Insurance Management Association (Parima) will hold the first of a series of conferences this year in…
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Claims likely to increase as vessels remain stranded in Baltimore
The collapse of the Francis Scott Key Bridge in Baltimore in March and the ensuing build-up of vessels continues to…
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EU and US co-lead effort to tackle critical raw material supply chain risk
The EU has announced an agreement with the US, Kazakhstan, Namibia, Ukraine and Uzbekistan to create a new “club” designed…
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Baltimore bridge collapse losses could run into billions: Sources
The collapse of the Francis Scott Key Bridge in Baltimore after it was struck by a container ship could trigger…
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Baltimore port closure adds to global supply chain pressure
Global supply chains, already reeling from re-routing ships to avoid attack in the Red Sea, will be further challenged by…
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Complex global risk landscape sees end of ‘holiday from history’
A new report from Howden suggests that the world’s ‘holiday from history’ has ended due to devastating wars, geopolitical instability…
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Ferma remains ‘vigilant’ as CSDDD passes next hurdle
Ferma has told Commercial Risk that it is “relieved” a risk-based approach to due diligence has survived the watered-down version…
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Supply chain pressure rises as EU Forced Labour Regulation agreed
EU members states have agreed the Forced Labour Regulation that prohibits products made with forced labour from the EU, so…
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Reputation, supply chain and cyber pose biggest risks to global retailers, reveals WTW survey
Global retailers are finding it hard to get the right insurance at an acceptable price as the range of risks…
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UK seeks 15-year director ban against Lex Greensill
Lex Greensill, the Australian founder of failed supply chain finance firm Greensill Capital, has been served disqualification proceedings seeking to…
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Supply chain emissions data a ‘mammoth’ task for risk managers, says Airmic
Risk managers face a “mammoth” task identifying carbon emissions in their supply chain, according to UK risk management association Airmic,…
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UK-owned ship Rubymar sinks in first major loss since Houthi Red Sea attacks
After months of avoiding a major incident since commercial ships came under attack by Houthi militants in the Red Sea,…
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Marsh PPP facility expands cover to all shipping trade at Ukrainian ports
Marsh’s Unity insurance facility – backed by Lloyds and, ultimately, the Ukrainian government – has expanded, and now offers lower…
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Managing ESG risks in supply chains
The delay to the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) does not mean that environmental and human rights due…
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Supply chain pressures ease for German companies: Ifo
The supply chain crisis that came to a head during the Covid-19 pandemic has subsided and German firms have started…