Risk & Insurance

"Certainly what we've seen in a much more accelerated fashion has been the globalization of the supply chain, where the interdependencies are spread throughout the world,” says Gary Lynch, global leader of risk intelligence strategies and resiliency solutions at Marsh & McLennan Cos. . . .

Although insurance can help to mitigate a loss, it's always better to avoid a loss in the first place. Manufacturers can try to work with suppliers to gain assurances, run simulations and business-continuity plans, and reduce their reliance on sole source suppliers.

-- Gary Lynch