Authored by Sara Weathers

There are three main parts of the supply chain and businesses experience disruptions if any one of them is affected. According to a recent article from Liberty Mutual, all three have been affected in the past few years: production, distribution, and consumption.

On top of the pandemic and personnel shortages, businesses have had to deal with the geopolitical climate, rising fuel costs, and inflation. Alone, any one of these things could disrupt the supply chain. Together, they have caused challenges that businesses haven’t experienced before.

In order to minimize risks, businesses can do several things, such as diversifying supply chain sources and taking control of their product fulfillment and distribution. For more information about what your business can do, check out Liberty Mutual’s article.

Now is also a great time to make sure your business has an up-to-date risk management plan. Here at AdvoCap Insurance, we are always available to answer any questions you may have.

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