Global Air Freight Trade Bolstered by Cargo Insurance

Global Air Freight Trade Bolstered by Cargo Insurance

International air cargo insurance protects the interests of cargo owners and supply chain stability through risk transfer mechanisms. This article details the differences in coverage between air transport insurance and all risks insurance, and how to maximize insurance effectiveness through precise underwriting strategies and claims management. It emphasizes that companies should focus on underwriting strategies and evidence integrity, transforming insurance into a supply chain resilience tool. By understanding policy nuances and implementing proactive risk management practices, businesses can leverage air cargo insurance to mitigate potential losses and ensure business continuity.

GMS Tackles Supply Chain Disruptions with Inventory Strategy

GMS Tackles Supply Chain Disruptions with Inventory Strategy

Facing challenges in the construction materials supply chain, GMS proactively addresses market demands and extended delivery times by increasing inventory of wallboard and steel, optimizing supply chain management, and implementing lean inventory principles. Their inventory strategy offers valuable lessons for other businesses, emphasizing the importance of supply chain resilience and risk management. By strategically managing inventory levels and streamlining processes, GMS demonstrates a commitment to meeting customer needs amidst supply chain disruptions. This approach highlights the critical role of proactive planning and adaptation in navigating the complexities of the modern construction materials market.

Firms Prioritize Resilient Supply Chains Over Costcutting

Firms Prioritize Resilient Supply Chains Over Costcutting

This paper argues that traditional supply chain management overly focuses on cost control and supplier monitoring, neglecting the importance of supply chain resilience. It emphasizes that supply chain management should prioritize optimizing supply chain structure, enhancing the ability to withstand external shocks, and gaining a deep understanding of supplier market characteristics. By analyzing supply chain elasticity, the vulnerability of the supply chain can be assessed and improved, ultimately building a more competitive supply chain network. This shift in focus allows for proactive risk mitigation and a more robust response to disruptions.

IATA Addresses Inflight Control Risks to Boost Safety

IATA Addresses Inflight Control Risks to Boost Safety

Loss of Control In-flight (LOC-I) is a significant threat to aviation safety. The IATA annual safety report provides an in-depth analysis of LOC-I accidents, offering Threat and Error Management (TEM) tools and proposing accident prevention recommendations. By focusing on aircraft design, organizational management, and environmental factors, IATA is committed to collaborating with the industry to reduce LOC-I risks and improve global aviation safety levels. The report highlights the importance of proactive measures and continuous improvement in safety protocols to mitigate this critical safety concern.

Aviation Sector Adopts Sems to Combat Rising Security Threats

Aviation Sector Adopts Sems to Combat Rising Security Threats

Facing increasingly complex aviation safety threats, traditional safety measures are insufficient. This webinar focuses on Safety Management Systems (SeMS), exploring how to enhance aviation safety levels by building robust SeMS, strengthening risk management, and leveraging intelligence sharing and technological innovation. We will delve into the core components of effective SeMS implementation and practical strategies for identifying, assessing, and mitigating risks. Resources such as SeMS certification information and IATA manuals will be provided to help build a stronger safety system. Join us to learn how to proactively manage safety and improve overall operational resilience.