6 Ocean Cargo Risks That Can Disrupt Supply Chains
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Know the Risks
The annual global financial impact from cargo loss is $50 billion, proving that sometimes bad things can happen to good cargo.* Businesses with international shipments should know the risks to prevent costly supply chain disruptions. Some of these risks include:
- Costly delays resulting from non-compliance of in-country/foreign insurance requirements
- Getting fair and timely foreign claims settlements
- Susceptibilities to cargo theft
- Third party obtained insurance coverage that does not fit your unique needs
Understanding the risks that could threaten a supply chain is critical for a business that ships internationally.
![Graphic of six ocean cargo risks.](https://asset.trvstatic.com/images/assets/17-SEL-3391_500x351_171221_ec.jpg/Zz05OTI5ZDJlYzFiMmQxMWVkOWU2YTZhYTA0NDViZDMwNw==)
6 Ocean Cargo Risks That Can Disrupt Supply Chains
Download the full Risk List infographic:
*UPS Capital