The global economy makes supply chains longer and more complex than ever. Manufacturers, retailers and wholesalers receive shipments from all over the world, which not only leaves more opportunity for disruption, but makes establishing redundancy a much more difficult task.
Global supply chain risks are well known as far as physical products are concerned, but in the future companies will also have to start thinking about their cyber supply chain. If a cloud provider goes down, for example, it could affect dozen of major clients storing customer data or other private corporate information in the cloud. That would not only disrupt their business, but heighten their exposure to data theft.
Sponsor’s Information: Learn more about how Starr Companies’ General Liability coverage can help protect your global supply chain.