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Risk in Context Podcast: Logistics and transportation companies must evolve to minimize 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.

06/29/2022 · 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 minimize 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 customized to an individual company, which is still not available across the board.

About our speakers

Janelle Griffith

Janelle Griffith

Leader, North American Logistics Practice

  • United States

Janelle Griffith serves as the North American Logistics leader and is also a member of the global Marine, Cargo, & Logistics Practice. Based in New York, she primarily focuses on the logistics and cargo segments, serving as a resource in multiple areas, including insurance program design, strategic marketing and implementation, contractual risk transfer, and delivering innovative insurance solutions for Marsh clients.

Craig Dancer

Craig Dancer

US Transportation Industry Practice Leader

Craig Dancer leads Marsh’s US Transportation Practice and is responsible for directing a team of industry specialists and transportation subject matter experts specializing 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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