Travelers Insurance – Three in Four US Manufacturers Expanding, Supply Chain Risks Following

As reported by InsuranceJournal, manufacturing in the United States is in a growth phase, according to a survey by Travelers Insurance revealed that nearly three out of four of the 200 executives queried in the manufacturing sector have either expanded their products or services during 2012, or plan to this year.

Being an insurer, they’re nature/nurture obligated to highlight challenges for risk managers. “All of this growth presents tremendous opportunities – and a host of new hazards throughout the complex, interconnected global supply chain,” said Jim Mandes, manufacturing industry manager for Travelers Commercial Accounts. “Hazards may include less skilled workers, fewer suppliers to choose from and an increased potential for business interruptions.” Even with these valid concerns, Data2Logistics is thankful for this growth trend in US manufacturing, providing them supply chain transportation optimization and cost reduction services (some assisting to un-interrupt business interruptions…).