The global logistics market has been affected in various ways in recent years, from disruption to supply chains to the challenge of meeting the growing consumer demands of online shopping and home delivery. Our underwriters understand and meet the numerous challenges faced by the industry.
Industry Risk Overview
Retailers who are moving away from the traditional store-front model in favour of e-commerce models are increasingly dependent on the warehousing and transportation industry with space to build new storage facilities close to populated urban areas at a premium. Increasing reliance on e-commerce, digitised supply chain management and high levels of automation within the sector raise the risk of cyber and malware attacks leading to operational disruption.