Supply chain

A survey of supply chain managers published in March by the Chartered Institute of Procurement and Supply showed nearly one in four British firms with suppliers in the EU was struggling to secure contracts that run beyond Brexit in March 2019. … [Read more...] about Brexit Seen Threatening UK Links In EU Supply Chain

The supply chain often starts with sourcing materials. When sourcing materials from a particular location (e.g., China), there is often a team that provides oversight of the sourcing function from another location (e.g., Hong Kong).  If the Hong Kong sourcing team frequently travels to China and is actively making decisions in China, there is potential for the Hong Kong company to be treated as having a taxable presence in China. Therefore, it is important to implement measures that limit the nature and location of the activities that may be undertaken by the Hong Kong employees. … [Read more...] about Tax Issues in Supply Chain

In order to fully realise these supply chain opportunities, it is vitally important that UK SMEs are nurtured, strengthened and grown, in a similar fashion to the German model, to expand the available capacity and to foster new investment.  Increasing UK car production and the desire by OEMs to look to and buy more locally (the OEM appetite to do so currently remains strong!) will not only help to deliver supply chain growth, but in turn will result in more robust, local lines of supply for the future.    It could also result in a virtuous circle as ever strengthening supply chains will in turn encourage further OEM and Tier 1 investment in UK production and R&D. … [Read more...] about No More Tears (Tiers!): Revving Up For Automotive Supply Chain Success

Nobody likes a fight. Well, almost nobody. Trial lawyers, boxers, and MMA fighters might be the only ones. But, in business, the occasional fight is pretty much inevitable. What fights do we foresee for those in the auto industry in 2016? Well, we see the potential for some in the supply chain in one form or another. Specifically, the automotive industry is expected to see more force majeure events, product recalls, and warranty issues. It’ll be vital for the automotive supply chain to be ready for these and other issues, including continued volume fluctuation and the necessity for international dispute resolution. … [Read more...] about Top 2016 Litigation Issues Facing Auto Supply Chain

Emerging Risk: Cyber Events Resulting in Bodily Injuries and Property DamagePhysical injury or damage arising from cyber threats is an emerging risk. Generally, it has been understood that the theft or corruption of data is not covered under standard general liability and property policies as data is not considered tangible property. However, cyber threats are evolving and the threat of physical damage and resulting losses must be considered and understood by companies, brokers and insurers. While exclusions contained in general liability and property policies have developed, especially recently, in regard to electronic data issues, the question raised is whether such exclusions would be applicable if a cyber event resulted in bodily injuries or property damage. … [Read more...] about Jeep Hack Drives Cyber, Crisis, Liability and Supply Chain Coverage Issues