The Global Supply Chain: A Thoroughly Modern Maze

There is a global technology revolution underway that is turning even everyday objects into complex products supported by highly connected and equally complex global supply chains.  As Wendy Hopkins, Partner at DAC Beachcroft, puts it: “This digital interdependency is creating new, unforeseen and often unmanaged supply chain risks and exposing gaps in information and understanding that need to be addressed by both insureds and insurers. It also brings a new focus on resilience and business continuity.” Businesses have always looked to source as competitively as possible and in the modern connected world the result is an international matrix of suppliers and service providers – of mind-boggling complexity – that can be all but impossible to trace, let alone monitor adequately.