Shift to cargo insurance helps Macy’s roll out the carpet for a smoother supply chain
Logistics Management | December 03, 2018
Even with the economy rolling along at a healthy clip, there are always things for shippers to be concerned about. Make no mistake, the list is long, and it often includes things like freight rates and pricing, capacity availability and commitments, supplier requirements, and meeting tight delivery windows, among others.
But one thing that often gets overlooked is insurance, make that cargo insurance, in this case. Or, is it carrier liability? The reason for that question is that shippers usually have one or the other but are often not as dialed in as they need to be when it comes to actually know the distinct differences between the two. And those differences can lead to the difference between supply chain success, cohesion, and, ultimately, peace of mind, for shippers. To get to that point, though, shippers need to educate themselves on the differences between cargo insurance and carrier liability. That does not sound all that difficult but there is far more than meets the eye to be sure.