Insurance and oil costs to rise as two more tankers hit in Gulf of Oman

Insurance and oil costs to rise as two more tankers hit in Gulf of Oman

Insurance and oil costs to rise as two more tankers hit in Gulf of Oman

Two further torpedo attacks on oil tankers in the Gulf of Oman today that left one vessel ablaze and both adrift are likely to drive insurance rates up and persuade marine and energy insurers to tighten conditions, according to international law firm DWF. The likely total value of goods involved in the latest attacks is about $65m, according to risk…

Porsche dieselgate recovery marred by another Chinese recall

Porsche dieselgate recovery marred by another Chinese recall

Porsche dieselgate recovery marred by another Chinese recall

German carmaker Porsche has been hit with the third expensive product recall in China within 12 months. This comes only weeks after the Volkswagen-owned sports-carmaker hoped that the payment of a fine of €535m in Germany for its contribution to the ‘dieselgate’ scandal would mark the end of that drawn-out and reputationally damaging affair. The news of the latest recall…

Risk managers must review supply chains as US-China trade war hots up

Risk managers must review supply chains as US-China trade war hots up

Risk managers must review supply chains as US-China trade war hots up

Risk managers in the Asia-Pacific region and worldwide will need to step up their scenario-planning efforts and review supply chains, as their companies face up to ever-rising levels of political and macroeconomic risk on the back of the mounting US-led trade war with China, academics and political risk experts have warned. Speaking this week to China’s Xinhua news agency, Fu…

Supply chain focus needed as threat from reliance on technology rises

Supply chain focus needed as threat from reliance on technology rises

Supply chain focus needed as threat from reliance on technology rises

Senior managers must wake up to the risk of contagion within the supply chain as their companies become increasingly reliant upon technology and need a rapid response when incidents occur. But while the technology and data-based global economy may lead to more vulnerable supply chains, those companies that manage these risks more effectively using rich data and information available, will…

Auto sector faces up to supply chain risk

Auto sector faces up to supply chain risk

Auto sector faces up to supply chain risk

The automotive industry was the most disrupted sector in 2017, as the number of disruption events leapt by 30% from just over 1,300 in 2016 to nearly 1,700, according to recent analysis carried out by JLT and Resilinc, the supply chain analytics and resiliency company. The core problem is that the global automotive sector is dependent upon a highly complex…

1 2 3 21