Remember when we were bulk buying toilet rolls and other simple items as the COVID-19 pandemic sprang into life? It may seem a long time ago now, but supply chains across various industries are continuing to deal with the consequences of mass hoarding materials. Where this impacts the insurance industry is that brokers are unable to accurately assess the size of a client’s inventory as bulk-buying supplies has become the new normal. Our own Nick Kohlhof spoke to this in an article in Insurance Business America titled “How to combat the ‘bullwhip effect’.”
Originally published on 01.19.22