Companies know the potential cost of business interruption, but often they don’t understand the real nature of the risks they face. That’s especially true when those risks are hidden deep within complex global supply chains. This inability to define and quantify risk makes it difficult to manage effectively. Companies don’t know which risks which they should hold themselves, and which they should transfer to insurers. And providers of supply chain insurance can struggle to offer the most appropriate coverage for their clients, or to price it properly.
DHL Resilience360 helps to close this critical knowledge gap. It can provide data on current and historical risk exposure for every location in an organization’s supply chain and for more than 30 different categories of risk. For companies, that data enables a holistic perspective on threats to the supply chain, allowing them to plan and prioritize appropriate actions to mitigate those risks. It provides fact-based support for decisions about which risks should be retained, optimizing the cost of risk transfer activities.
For insurers, Resilience360 enables the benchmarking of industry risk trends and the establishment of reliable Key Risk Indicators. It allows a more accurate, granular assessment of client supply chain risks. That helps providers tailor the coverage they offer, and optimize pricing.