We saw a great article published in Logistic Management Magazine based on a study by A.T. Kearney, the global management consulting firm. In this study, the author focuses on identifying the importance of supply risk management in the global supply chain, which could affect a variety of LOGISTIQ’s clients including freight brokers and freight forwarders. This article emphasizes the need for freight brokers and freight forwarders to make sure that they have adequate Contingent Cargo Legal Defense Coverage and Auto Liability Insurance for their cargo so that the risks are minimized. The article also indicates that “supply management leaders have secured their position as a strategic business function by focusing on high-impact, high-visibility activities. However, managing risk has fallen to the bottom of the list of priorities, say analysts.”
You can see the article and find out more about supply risk management in detail by pressing here. Check out LOGISTIQ’s risk management consulting services if you would like to be advised on more best practices.
LOGISTIQ Insurance Solutions, a GSIS, Inc. company, provides cargo insurance products and services, as well as general risk management consultation, for freight companies across the world. The company has a diverse array of insurance products, including those encompassed by its unique Broker Shield program. LOGISTIQ is devoted to building long-lasting relationships with clients, and provides exemplary service and prompt quotes. More information about LOGISTIQ. can be found on the company’s website, located at https://logistiqins.com.