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Risk in Context Podcast: Logistics and transportation companies must evolve to minimise supply chain disruptions

In this episode of Marsh’s Risk in Context podcast, Janelle Griffith, senior vice president within Marsh's Global Marine Practice and the North American Logistics Practice leader, talks to Craig Dancer, who leads Marsh’s Transportation Practice.

29/06/2022 · 2 minute read

Strained supply chains have affected companies around the world as critical manufactured products, raw materials, and equipment were either in short supply or significantly delayed. Challenges to transportation and logistics processes increased pressures on an already delicate supply chain.

In this episode of Marsh’s Risk in Context podcast, Janelle Griffith, senior vice president within Marsh's Global Marine Practice and the North American Logistics Practice leader, talks to Craig Dancer, who leads Marsh’s Transportation Practice, about how the logistics and transportation industries need to evolve to minimise supply chain disruptions both today and in the face of a future catastrophic event.

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Key takeaways

Driver and chip shortages impacting supply chain delays.

The years-long shortage of truck drivers was exacerbated by the COVID-19 pandemic and made worse by a shortage of chips, leading to significant delays in getting items from ports to consumers.

Technology adds to efficiencies, but introduces new risks.

Trucking companies and logistics operators are turning to technology to streamline their processes, including to match loads and automate warehouses. These efficiencies may lead to new challenges, including heightened cyber risks.

Abundant data should lead to bespoke underwriting.

The significant information that transportation and logistics companies have available is leading to an increased need for underwriting that is customised to an individual company, which is still not available across the board.

About our speakers

Janelle Griffith

  • United States

Janelle Griffith is a transformational executive and practice builder at the intersection of logistics, insurance and innovation. As Marsh Risk Managing Director and Global Logistics Practice Leader, she leads the firm’s global logistics strategy across all regions. Based in New York, she aligns Marsh’s intelligence, analytics, and risk transfer capabilities into consistent, scalable solutions that strengthen client outcomes, deepen advisory value, and support growth across one of the world’s most complex and rapidly evolving sectors.

Craig Dancer

Craig Dancer leads Marsh’s US Transportation Practice and is responsible for directing a team of industry specialists and transportation subject matter experts specialising in public transit, trucking, logistics, and transportation services. He has extensive experience in the transportation industry, helping to develop alternative risk finance solutions for a wide spectrum of clients.

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