Today’s complex and extended supply chains are almost inevitably subject to disruption. While disruptions happen, the global supply chain systems need to withstand interruptions, whether they are a natural disaster, an external shock, or a socio-economic crisis. While...
Claiming cargo losses or damage gets more and more overwhelming every year. Cargo owners who has suffered any type of cargo damage while the cargo was in transit are in principle eligible for compensation for the losses incurred. Claims handling, however, comes with a...
With the world in turmoil, supply chains are more important than they’ve ever been. Grocery stores are being pushed to their limit as more and more people continue to bulk up on consumable items to weather out the global pandemic. Consumers and stores alike are...
As the coronavirus disrupts every walk of life, how are supply chains going to rebuild their resilience and improve risk mitigation in the future? The relentless nature of the COVID-19 pandemic has caused unprecedented chaos. In every sense, life has been upended....
Detention and demurrage: Two words with the potential to add significant costs to the bills of both importers and exporters. For some, it’s big business. Maersk brought in almost US$1 billion in detention and demurrage charges in 2018, against total revenues of just...
Shipping is a vital part of any supply chain, be it on road, rail, sea, or air. Ensuring safe delivery of the product into customer’s hands is essential. As shipments travel miles from their origin, often from an overseas factory, to their final destination, they are...
