Global Sourcing Logistics: How to Manage Risk and Gain Competitive Advantage in a Worldwide Marketplace

policy forms. London underwriters also have different

perspectives on certain areas of the world than their U.S.

counterparts and may provide coverage in areas where U.S.

insurers are reluctant to do so.

Care should be taken in choosing an agent or broker to

access the marketplace. The broker should have substantial

international resources and a staff that is knowledgeable in

international trade and the political risk marketplace.

For companies that manufacture overseas and have sup-

ply chains originating or completing in foreign countries,

particularly in countries where strained U.S relations or cer-

tain political instabilities exist, there are serious potential

exposures. From a historical perspective, all developing and

third world countries present ...