Risk Management Archives - Page 2 of 7 - Supply Chain Game Changer™

Supply Chain Scams and Fraud!

3 Most Common Freight Forwarding Scams (and How to Avoid Them)! (Infographic)

Very early on in my career an associate of mine was fired because he was found to be taking kickbacks from packaging suppliers to whom he had been preferentially and inappropriately been giving business.

Most recently I have received lots of emails and messages from unknown people offering to sell me masks and other personal protective equipment (PPE) for really low prices. A cursory investigation into some of these finds that the items are substandard at best, and the commensurate price gouging during the pandemic reeks of fraudulent behaviour.

One of our most popular articles is Freight Forwarding scams. Every couple of weeks I will get an email from someone, from anywhere in the world, who has been the victim of a freight forwarding scam, and is looking for help.

All of this, and more, has caused to me consider that this is a very important, very real, and very prevalent issue. So let’s discuss Supply Chain scams and fraud.

Ensuring Pedestrian Safety: Strategies to Prevent Accidents and Injuries!

What to Do if You Are Involved in a Motorcycle Accident: A Comprehensive Guide!

Pedestrian safety is a significant concern highlighted by alarming statistics, indicating a high number of pedestrian deaths caused by automobile accidents annually in the US, as reported by the NHTSA.

This issue affects various demographics, particularly children and the elderly, who are disproportionately impacted due to factors like slower reflexes and heightened vulnerability.

Mitigating Supply Chain Disruptions from Water Damage!

Protect Your Business From Flooding (and other Natural Disasters)!

When it comes to the topic of water damage, there’s a crucial need for knowledge sharing and personnel training. A big part of supply chain disruption mitigation is actually rooted in awareness.

To put it simply, you cannot resolve a problem you are not aware of or do not fully understand.

How to Improve Supply Chain Security and Safety!

3 Supply Chain Security Processes that Drive Business Growth!

The supply chain is one of the most important parts of any company’s operations. It’s the comprehensive system of people and entities involved in creating products, getting them to consumers, and ensuring business profitability. When the supply chain falters, entire companies can lose profits, revenue, and even loyal brand advocates.

Unfortunately, various factors can influence the performance of your supply chain, from socio-political issues, economic changes, and unpredictable weather. Dangerous driving behavior can put your products and assets at risk.

Even cybersecurity threats can impact supply chain operations, and harm your business reputation. The question is, how do you preserve the security and safety of your supply chain?

Growing Your Insurance Agency in the Era of Frequent Supply Chain Crises!

Coronavirus Exposes Global Supply Chain Fragility!

Back in 2020, mankind had to deal with a threat it never saw coming. As COVID wreaked havoc across the globe, chaos and uncertainty shrouded over the business world.

According to the World Economic Forum, the pandemic resulted in one of the biggest supply chain crises the world has ever seen. Even today, almost three years after the pandemic started, its impact on the global supply chain is still evident.

11 Things to Know About International Shipping!

The Importance of the International Shipping Industry!

As e-commerce has grown in popularity, so has international shipping. Since this new system allows you to buy goods from other countries, you must know all about international shipping, from what to expect when shipping from another country to avoiding fraud.

Shipping overseas can be a lengthy process that necessitates knowledge of what you’re doing to avoid scams, as most of it is done over the internet.

So, here are the 10 things to know about international shipping:

Selecting the Right Commercial Insurance for Your Florida Small Business!

How Business Insurance Can Protect You!

Commercial insurance holds immense significance in Florida. The employment of 3.6 million individuals by small business owners underlines its pivotal role. Notably, Florida frequently ranks among the top five states with the highest business lawsuit rates. In light of this, acquiring suitable commercial insurance becomes imperative for effective risk management.

Furthermore, small businesses constitute a vital component of Florida’s infrastructure. Contributing significantly to its position as the fourth-largest economy in the U.S. Remarkably, these enterprises employ almost half of the entire workforce.

What is General Liability Insurance and Why Do Businesses Need it?

How Business Insurance Can Protect You!

Running a business requires a lot of support and services from external companies. One of the most significant services every company requires is insurance.

There are many different types of business insurance out there, ranging from sector-specific options to insurance policies that every company needs to have.

Among the latter category is general liability insurance. As the term ‘general’ in the name might suggest, this is a generic form of insurance that covers a wide range of issues that almost any business might encounter.

If you’re unsure of what general liability insurance is and why your business needs it, then keep reading this handy guide to find out more.

The Importance of Good Corporate Governance on Supply Chain!

Blockchain and Information Governance! (Infographic)

Corporate governance has become increasingly important across the world of business but especially when it comes to creating and maintaining a supply chain. Even though the specific requirements will vary between companies, many will be universal.

Different Types of Access Platforms!

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In industrial construction, there are a lot of times that you need to work in areas that are not accessible, and that’s where access platforms prove very helpful, as they help you comfortably and safely work in difficult areas.

With access platforms, workers can confidently work to do their job effectively with a lessened risk of equipment damage and personal safety hazards. These things can cost a lot, which is why it’s better to use an access platform.

However, not all industrial construction projects are the same, and the same access platform may not work well in another setting.

With the different kinds of construction projects, there are also various types of access platforms depending on materials and why you need one.

5 Home Insurance Basics You Should Know!

How to Get a Life Insurance License!

When you invest in a house, it’s much more than a roof and four walls—it’s your safe haven, your personal corner in this big world. But life, as we know, has a knack for throwing curveballs.

That’s where home insurance steps in. Think of it as your financial safety net, ready to catch you when unforeseen events, like fires, theft, or natural disasters, threaten to compromise your peace.

Supply Chain Woes with Inflation Rising … What’s Next?

10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Companies rely on supply chain management to reduce costs and increase their production cycle. Sadly, with the advent of the Covid-19 pandemic, many global organizations had to rethink their supply chain strategy with inflation rising, especially those who depended solely on China for their requirements of raw or finished materials.

For getting the final product from its original source to the customer, there is an involvement of different persons, resources, and activities to ensure that the link does not break down and companies are able to fulfill their contractual obligations timely.

Unfortunately, the transmission of the virus changed everything.

What is Product Liability?

How 3rd Party Liability Insurance Protects Your Supply Chain!

Product liability is a legal term that details the manufacturer, distributor, and seller’s responsibilities. This includes what may happen if a buyer becomes injured by a defective product. Manufacturers are tasked by law with the responsibility of maintaining certain standards.

According to product liability laws, buyers have legal protections concerning products deemed to be unreasonably dangerous. This includes products designed in ways in which dangers are not readily apparent. Manufacturers are also responsible for testing and inspecting the products they make. Sellers are also responsible for making reasonable inspections of the items they choose to sell.

Product liability lawyers can help you determine if a manufacturer, distributor, or seller has neglected their legal duty of care. Read on for more information about the specifics of product liability law and how it’s different from your typical personal injury claim.

Protecting Intellectual Property in the Digital Age!

Avoiding these 6 Cybersecurity Tips Might Harm Your Business!

In the rapidly changing digital environment, intellectual property protection has emerged as a top priority for both individuals and businesses.

Intellectual property rights are seriously in jeopardy as a result of the process known as reverse engineering, which entails examining a piece of software or hardware to discover its design and functionality.