Managing Supply-Chain Risks Through Insurance

As published in the February issue of the Cleveland Metropolitan Bar Journal.

For most familiar with the ebbs and flows of the modern global supply chain, the concept of “supply-chain disruption” often brings to mind natural disasters, cyberattacks, geopolitical instability or unrest, or other localized events. Before 2020, very few people considered or planned for a global pandemic that would affect the global economy with worker shortages, higher costs, and delays. Simultaneously the demand for certain products and services surged, creating a perfect storm of short supply and high demand which has led many organizations to rethink their supply chains and scramble to manage supply chain-related risks.

This article by Joe Cole and Lisa Whitacre looks at managing these supply-chain risks through various types of insurance policies and whether or not they are likely to provide coverage for such risks.

Click here to read the full article PDF.