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Devin Layman
04-26-2011, 06:02 PM
I am looking for good sources to better evaluate our risk. We are in weekly communication with our suppliers and they continually give us a very positive outlook. To date, deliveries have not been effected either. On the other hand, the "headline" article I read about Toyota and other automakers regarding thier supply challenges for the new few months gives me a different picture.

I am trying to find some good sources that will help us better determine if, and how much, effort to put into risk mitigation.

Thanks.

mmanzo98
02-15-2012, 09:24 PM
The first thing you need to understand is the impact a loss of this supplier would cause to your organization by doing an business impact analysis. Once you determine the impact, there are risk transfer options available and/or you could look to replace/supplement the supplier. Here are some links to carriers or brokers that provide this insurance:
http://www.willis.com/Client_Solutions/Services/Political_Risk/Trade_Disruption/
http://www.kilngroup.com/products/marine-special-risks/trade-political.aspx

Hope this helps...