Supply chain integrity has never been a bigger or more complex challenge for today's global businesses. Increased pressure for improved financial performance, combined with the need to optimize assets and resources, has resulted in a growing reliance on outsourcing and offshoring, often to developing countries. However, with the benefit of reduced costs comes the increased and more complex threat of supply chain interruption. Efficient supply chains are by definition lean, stretched and fragile, resulting in an ever-present threat of breakdown. While most organizations prepare themselves for the more obvious areas of weakness, breakdown can come from unanticipated causes and all too often, traditional insurance products fail to provide any, or sufficient, financial help.

Many companies fail to appraise the full extent of supply chain vulnerabilities, and as a result, are not totally confident that risks are managed within acceptable financial targets. In this session our experts explain how an integrated model for the identification, treatment and acceptance of risk can address these concerns.

This audio conference covers:

• How to identify and quantify exposures within a life science company's supply chain
• How to aggregate, manage and mitigate these exposures
• How software can be used to streamline supply chain risk management and decision making
• How contractual risk management and business continuity fits into supply chain risk
• How appropriate and tailored insurance solutions can better address supply chain risk

About the speakers:

James Bird leads JLT's approach to clinical trial insurance delivery, an area in which he looks after some of JLT's largest clients. He is also heavily involved in the development of products and risk management approaches aimed at better addressing the risk profiles of life science and chemical companies. James recently launched a web-based portal enabling the online purchase and documentation production of clinical trial insurance, which promises to drastically streamline the current process.

Andrew Tait, Principal, Core Risks Ltd. focuses upon the development of enterprise risk management programming from an operational perspective, supply chain risk management and business continuity/disaster recovery program implementation. Prior to the creation of CRL, he was the Vice President of Insurance for Sanofi Aventis, based in Paris, France. Before joining Sanofi Aventis, and its predecessors Aventis and Rhone Poulenc Rorer, Andrew was a property insurance broker, property loss control engineer, business continuity consultant for Johnson & Higgins and Marsh, and a loss control engineer for Factory Mutual Engineering Association.

Who should attend?

• Purchasing Managers
• Supply Chain Managers
• Insurance Managers
• Risk Managers