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