Supply Chain Insurance Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking 2020 – 2025
Procurement Outlook
With
increasing complexities in developing an efficient supply chain for better
outsourcing activities the likelihood of getting disruption in the supply chain
has also increased. These disruptions can cause by various reasons outside the
control of the organization such as, natural disasters, accidents, labor
crisis, political instability, financial disruption, disruption to
transportation infrastructure, etc.
Hence, an
organization needs to have supply chain insurance in place for any supply chain
disruption. The two coverages that will cover supply-chain issues are
contingent business interruption (CBI) insurance and broad, specialized
supply-chain insurance. These insurance policies will reimburse both potential
lost profits as well as costs caused by disruptions to the insured’s supply
chain, even if the insured itself has not suffered any damage.
Read report summary or request a free sample copy of the
report “https://www.grandviewresearch.com/pipeline/supply-chain-insurance-market-procurement-intelligence-report”
Demand
Outlook
The global
supply chain insurance market is valued at USD2.5 billion in 2020 and it is
expected to grow at a CAGR of 4% from 2020 to 2025 due to the high adoption of
supply chain insurance from medium and large-sized organizations across
manufacturing, transportation, and logistics, pharmaceuticals, and food &
beverages sectors. High anti-dumping duties imposed by the governments in countries
such as China, the US, France, Germany, and India are expected to increase the
price of exported supply chain insurance. North America is leading the supply
chain insurance market with more than 35% revenue share followed by Europe
(~30%) and APAC (~25%).
Cost Drivers
The salary of
the personnel developing the insurance policies is one of the major components
of developing supply chain insurance. The cost of the insurance also depends on
the policy terms, company size, geographic location, and criticality of a
business.
Check out the featured AddonServices offered with Supply Chain Insurance Market
Procurement Intelligence Report:
About us:
A smart and effective supply chain is essential
for growth in any organization. Pipeline division at Grand View Research
provides detailed insights on every aspect of the supply chain which helps in
efficient procurement decisions.
Our services include (not limited to):
·
Market Intelligence involving - market size and forecast, growth
factors, and driving trends
·
Price and Cost Intelligence - pricing models adopted for the category,
the total cost of ownership
·
Supplier Intelligence - rich insight on supplier landscape, and
identifies suppliers who are dominating, emerging, lounging, and specializing
·
Sourcing / Procurement Intelligence - best practices followed in the
industry, identifying standard KPIs and SLAs, peer analysis, negotiation
strategies to be utilized with the suppliers, and best-suited countries for
sourcing to minimize supply chain disruption
Our market/procurement Intelligence reports include in-depth and actionable
insights that help clients in understanding the different aspects of the supply
chain and take more effective decisions.
Find More information @ https://www.grandviewresearch.com/pipeline
Contact Information:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Comments
Post a Comment