Most of the risks that could disrupt your operations fall into four broad categories: economic, environmental, political and ethical.

According to Resilience360, those top 10 supply-chain risks are:

  • Global trade wars and Brexit. …
  • Raw material shortages. …
  • Safety recalls. …
  • Climate change risk. …
  • Tougher environmental regulations. …
  • Economic uncertainty. …
  • Cargo theft. …
  • Container ship fires.

 

Risk distribution, also known as risk sharing, is a fundamental feature of insurance. I think that the best definition of risk distribution is this: The (actuarially credible) premiums of the many pay the (expected) losses of the few. This is the essence of insurance. Donald J