Shares in retail group McColl’s fall 16% on supply chain disruption

Shares in convenience store chain McColl’s fell 16 per cent on Monday to their lowest point in 18 months, after the group reported lower sales following the collapse of one if its suppliers last year.

https://www.ft.com/content/122609ae-8e4c-11e8-bb8f-a6a2f7bca546

 

Climate change, extreme weather boost supply chain risks

SOUTHAMPTON, Bermuda — Climate risks are directly connected to supply chain risks that should be identified and mitigated as extreme weather events continue to become more severe and intense and cause rising business interruption losses, experts say.

http://www.businessinsurance.com/article/20180613/NEWS06/912321991/Climate-change-extreme-weather-boost-supply-chain-risks

Fire at Ford suppliers plant disrupts best-selling F-150, temporary layoffs expected

Dive Brief:

https://www.supplychaindive.com/news/ford-meridian-lightweight-technologies-fire-temporary-layoffs/523259/

Atlanta airport takes precautions after a cyberattack on the city

A spokesman says Atlanta's airport has taken down its Wi-Fi network and disabled parts of its website "out of an abundance of caution" following a ransomware cyberattack on the city's computer network.

https://www.cnbc.com/2018/03/23/atlanta-airport-takes-precautions-after-a-cyberattack-on-the-city.html

Natural Catastrophes Dominate 2018 Marine Risk Landscape

Business interruption (BI) and cyber incidents interlink as the major threat for companies globally in 2018, according to the insight of 1,911 risk experts from 80 countries in the Allianz Risk Barometer 2018. However, for marine and shipping companies, natural catastrophes (34 percent), including storm, floods and earthquakes, takes the top spot – up from number four in 2017. BI tied with cyber incidents (31 percent), for the second spot followed by theft/fraud/corruption (27 percent) and fire/explosion (25 percent) to round out the top five business risks in the maritime sector for 2018. These incidents illustrate the complex nature of insurance risks as most are closely intertwined in complex loss cases.

https://www.maritimeprofessional.com/news/natural-catastrophes-dominate-2018-marine-314521

The top three business risks for 2018: Cyber, supply chain and regulatory compliance

The recently released Allianz Risk Barometer ranked the top business risks for 2018, based on the views of more than 1,900 risk management experts globally. Here, we look at the top three identified business risk for Australia and discuss how they can be effectively managed.

https://www.lexology.com/library/detail.aspx?g=46fecdd5-f513-490a-b722-be5250ebafec

Carillion collapse highlights the importance of insurance for suppliers

We’re only just into 2018 and already the business world has been shaken. The news that facilities management and construction services company Carillion had gone into liquidation made headlines across the UK, as many public and private sector projects, as well as thousands of jobs, are put under threat by the announcement. http://www.supplychaindigital.com/scm/carillion-collapse-highlights-importance-insurance-suppliers

 

New tax plan won’t help small businesses after hurricane, wildfire, other disasters

As the Southern California wildfires blaze on, people in the path of the flames may be making an unlikely wish: that if the damage happens, it happens before the clock strikes midnight on December 31. It's morbid, but practical — because now that the new tax bill has passed, some significant disaster tax deductions will disappear.https://www.nbcnews.com/business/business-news/new-tax-plan-won-t-help-small-businesses-after-hurricane-n831191

 

Business interruption tops list of commercial risks

Business interruption is the biggest risk facing companies, according to a survey by Allianz Global Corporate & Specialty S.E., while cyber incidents continue to generate growing concern.http://www.businessinsurance.com/article/20180116/NEWS06/912318506/Business-interruption-tops-list-of-commercial-risk-exposures-Allianz

 

USDA issues statement on new soybean rules

Earlier this week, Bloomberg reported on new rules for soybean loads heading to China. USDA has also issued a statement to make farmers and shippers aware of what goes into effect Monday, Jan. 1.http://www.farmfutures.com/soybean/usda-issues-statement-new-soybean-rules