Reduce Your Supply Chain Vulnerability
Supply chain risk is recognized in today’s economy as a major threat to business continuity. A break in the supply chain can reduce a company’s revenue, decrease its market share, inflate costs, or threaten production and distribution.
As our clients’ businesses change, so do their risk transfer needs. As companies outsource supply globally, revenue generation is increasingly tied to the external portion of the supply chain. This has increased client vulnerability to disruptions involving key suppliers, contract manufacturers, service providers and, ultimately, customers.
About the Supply Chain Solution
The FM Global Supply Chain Solution combines market-leading coverage through our Advantage policy with awareness, assessment and risk mitigation resources designed to assist clients in better understanding how to identify and mitigate their own risk.
In order to provide increased capacity for supply chain exposures, we partner with our clients by providing them with expert engineering advice at their suppliers’ locations. As we do with our client locations, FM Global has the ability to assess the supplier’s risk and recommend mitigation solutions. This improved understanding of supply chain exposures allows us to provide additional coverage.
To learn more about your company’s level of Supply Chain risk management sophistication, take a brief assessment.
Clients can access more information and resources regarding Supply Chain on MyRisk®.
For additional information about how we can help you better understand and minimize your organization’s supply chain risk, please contact your FM Global client service team.
Risk Identification and Assessment
» Supply Chain Assessment
Raise awareness of supply chain issues within your organization
Risk Avoidance and Reduction
» Managing Supply Chain Risk
In this ten-minute video produced by CFO Research Services, J. Bradley Johnston, chief administrative officer of Temple-Inland and Bret Ahnell, FM Global senior vice president, discuss approaches to supply chain risk improvement
Risk Acceptance and Transfer
» Expanded Supply Chain Coverage
The FM Global Advantage all risk policy offers broad Supply Chain coverage including Contingent Time Element Extended and Logistics Extra Cost. Where many insurance products protect against losses from direct suppliers, Contingent Time Element Extended (CTEE) extends coverage to primary suppliers as well as suppliers downstream.
» Reducing the Risk through Cargo Protection
FM Global’s supply chain solution includes risk management of cargo-related exposures
The View from Finance
View supply chain risk from the perspective of financial executives in this CFO Research Services study commissioned by FM Global.
View Supply Chain-related Reason magazine article reprints