Here Are the Biggest Risks to Your Global Supply Chain

A new wave of protectionism is threatening the stability of global supply chains. A worldwide backlash against free trade and globalization is posing new risks for supply chains. That's the conclusion of a new report from the Atlantic Council and Zurich Insurance Group. It examines a variety of geopolitical trends that could have a significant impact on economic growth, and, as a result, global supply chains. The report zeroes in on three main scenarios: the rise of protectionism in an interconnected world, the impact of conflict in the Middle East on the availability and price of energy, and the scarcity of water and food. On this episode, we take a deep dive into the study with Nick Wildgoose, global supply chain product leader with Zurich. He offers advice on what companies should be doing to buffer themselves against these three critical areas of risk. But judging from the results of a recent Business Continuity Institute study on business resilience, most are likely to suffer serious supply-chain disruptions anyway.