The supply chain: Only as strong as the weakest supplier
The supply chain is an intricate network, spanning beyond the production and physical product across packaging, transportation, distribution, marketing, and sales.
It’s an integral part of any business model, and even more so for manufacturers, whatever industry they operate in.
We take a look at the main risks in a supply chain and how they can be incredibly detrimental to the business and its cash-flow.
Manufacturers are responsible for the quality of every element in a supply chain. The failure of any of part could have disastrous results from financial loss or bodily harm, to product recalls and reputational damage. Dedicated insurance policies ensure that all potential exposures are covered and safeguard the manufacturer’s business and bottom line.