Global Turmoil Spurs Insurance Industry to Address Supply Chain Risks

Global Turmoil Spurs Insurance Industry to Address Supply Chain Risks

Global supply chains are facing multiple risks, including geopolitical tensions and extreme weather events. The insurance industry needs to innovate actively, strengthen cooperation with all parties in the supply chain, and establish risk assessment models. Developing new insurance products and leveraging new technologies can improve risk management efficiency. Businesses should establish diversified supply chains, strengthen collaboration with suppliers, and invest in supply chain visibility technologies. By working together, we can build a secure and reliable global supply chain.

01/20/2026 Logistics Industry Insights
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Classification of Whale Oil Customs Codes

Classification of Whale Oil Customs Codes

The classification of the customs code for whale oil is crucial, as it distinguishes between endangered and non-endangered species. According to the customs import-export tariff, whale oil is coded as 1504300010 (endangered marine mammals) or 1504300090 (non-endangered marine mammals). As whales are mammals, they cannot be classified as fish oil. Selecting the accurate code requires determining the whale species or consulting professionals to comply with customs regulations.

07/21/2025 Logistics Encyclopedia
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Businesses Urged to Adopt Cargo Liability Coverage

Businesses Urged to Adopt Cargo Liability Coverage

Freight liability insurance protects cargo owners from claims arising from third-party losses caused by goods in transit. Purchasing this insurance transfers risk to the insurer, meets carrier contractual requirements, and safeguards business financial security. Businesses should select an appropriate insurance plan based on their specific risk profile. It offers peace of mind during the transportation process and helps mitigate potential financial burdens associated with accidents or damages.

11/03/2025 Logistics Encyclopedia
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10 Strategies to Mitigate Supply Chain Risks in Cargo Transport

10 Strategies to Mitigate Supply Chain Risks in Cargo Transport

This article delves into the importance of cargo insurance and provides ten strategies to help businesses build a stronger cargo risk management system. These include understanding insurance mechanisms, establishing tracking systems, optimizing packaging, selecting reliable carriers, strengthening risk assessments, developing contingency plans, familiarizing oneself with claims procedures, staying informed about industry trends, considering trade credit insurance, and paying attention to 'General Average' risks. By implementing these strategies, companies can mitigate potential losses and ensure the security of their supply chains.

11/03/2025 Logistics Encyclopedia
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Zhaotong Launches Ondemand Logistics for Heavy Items

Zhaotong Launches Ondemand Logistics for Heavy Items

Oversized logistics door-to-door pickup service in Zhaotong solves the difficulties of traditional bulky item shipping. Through appointment, evaluation, packaging and shipping processes, it provides an efficient and convenient logistics experience. When choosing the service, pay attention to cleaning items, retaining receipts, purchasing insurance, and using eco-friendly packaging. Reputable companies offer insurance protection and transparent quotes, ensuring the safe delivery of goods. Important considerations include proper item preparation, documentation, and selecting a provider with comprehensive insurance options for peace of mind.

01/05/2026 Logistics Encyclopedia
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Secure Packing Tips for Costeffective Large Item Shipping

Secure Packing Tips for Costeffective Large Item Shipping

The safety of large item shipping depends on packing materials, reinforcement methods, courier selection, insurance strategies, and detailed documentation. Choosing the right courier and insurance, along with paying attention to packing details, can effectively ensure the safe delivery of large items and reduce transportation risks. Proper packing with durable materials, adequate cushioning, and secure sealing are crucial. Documenting the packing process and item condition before shipping provides evidence in case of damage. Selecting a reputable courier with experience in handling large items and purchasing appropriate insurance coverage further mitigates potential losses.

01/19/2026 Logistics Encyclopedia
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Guide to Safely Shipping Fragile Yixing Teapots

Guide to Safely Shipping Fragile Yixing Teapots

This paper provides a comprehensive guide to the safe delivery of Zisha teapots, covering packaging techniques, logistics options, and claims considerations. It emphasizes the importance of proper packaging, recommending professional logistics services and insurance to ensure the fragile teapot remains safe and undamaged during transit. Choosing appropriate packaging materials and securing the teapot within the package are crucial steps. Understanding the carrier's liability and insurance options can provide added protection against potential damage or loss.

12/30/2025 Logistics Encyclopedia
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