Video presentation
As supply chains continue to face disruption, FM, the parent group of ICMIF Supporting Member FM Boiler Re, explores what steps insurers must take to identify issues early on, manage risks and reduce damage.
Managing risk in global supply chains
Supply chains are increasingly modular, dynamic and subject to seismic geopolitical shocks. Businesses that partner with risk experts to identify weaknesses can prevent disruption.
Global supply chains are ever more intricate, and exposed to disruption from factors including inflation, trade disputes, regulation, piracy, cybercrime, accidents and extreme weather. A 2024 survey by the Business Continuity Institute found that almost 80 per cent of respondents’ supply chains had been disrupted over the previous 12 months. According to a 2020 McKinsey report, a business can, over the course of a decade, expect disruptions to erase half a year’s worth of profits or more. This was memorably demonstrated by the 2021 Ever Given Suez Canal blockage which, at one point, was estimated to be costing the global industry $9.6bn a day.
A version of this article originally appeared as partner content sponsored by FM in the Financial Times. To read the full article, Managing risk in global supply chains, click here. This article is reproduced with the kind permission of ICMIF Supporting Member FM Boiler Re, which forms part of FM.
Published May 2026
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