Skip to main content

New!

 

Avetta agrees to acquire Pegasus. Read More

RISK & INSURANCE: Global Political Tensions Are Severing Supply Chains: Here’s How Tech Can Help

By Avetta Marketing
December 17, 2019
1 minute
RISK & INSURANCE: Global Political Tensions Are Severing Supply Chains: Here’s How Tech Can Help

More than 2,620 supply chain risk events were recorded last year, according to Richard Parke, senior vice president of global supplier services at Avetta, a supply chain risk contractor management firm.

He added that incidents increased 36% year-on-year and are expected to grow as supply chains become more globalized and complex.

The biggest concern for organizations is the loss of company reputation and brand name,” said Parke. In a recent survey we conducted, we found this to be the most substantial concern, with 86% of executives marking it as a significant or very significant risk factor to consider.

Our research also found fines, legal fees, lost-revenue costs and compensation claims are at the forefront of executive minds.

Read More at Risk & Insurance

More from the Avetta News&Press

Contractor Management, C-Suite, Facilities, Legal, Operations, Procurement, Risk Management, Sustainability
June 11, 2021
Contractor Management, C-Suite, Facilities, Health & Safety, Insurance, Legal, Operations, Procurement, Risk Management, Sustainability, Other
June 2, 2021
Contractor Management, C-Suite, Facilities, Health & Safety, Insurance, Legal, Operations, Procurement, Risk Management, Sustainability, Other
May 19, 2021
Contractor Management, C-Suite, Facilities, Health & Safety, Insurance, Legal, Operations, Procurement, Risk Management, Sustainability, Other
May 6, 2021
Upcoming Events
June 8, 2021 | 10:00am CT
Webinar
Decision-Making – The Heart of Everything We Do
June 8, 2021
Virtual
Procurecon Interactive 2021
June 8 - 9, 2021
Virtual
CIPS Global Conference 2021
June 9 - 10, 2021
Virtual
Procurement Managers’ Summit
June 16 - 17, 2021
Virtual
EHS NOW Fireside Chat
June 22, 2021
Virtual
Safety Leaders Summit Canada
June 22, 2021 | 2:00pm EDT
Webinar
Beyond Compliance: A Deeper Look into Safety Management Systems
June 22, 2021
Virtual
Focus Network Virtual Roundtable | Evolution of Data Feeds & Tech and Managing the Noise – Intelligence in Procurement
Jun 22, 2021 | 12:00 pm CT
Webinar
The Evolution of Safety: Lessons Learned from Real Events in History