On the move

Rethinking transportation and logistics supply chains

The transport and logistics industry has a market value of $9.7trn and underpins $89trn of global trade. The third report in our Rethinking supply chains series, delivered in collaboration with WTW explores the biggest threats to transportation and logistics supply chains across road, rail, air, and sea.

The report finds that companies operating in the sector have heavily invested in risk management practices and integrated technology solutions. The industry takes risk management seriously, which represents a significant opportunity for increased collaboration and innovation between transportation and logistics companies and insurers to strengthen recovery capabilities, improve resilience and use new data sources to improve the visibility of supply chain related exposures.

We’ve broken the report into three sections, so you can easily find the content most relevant to you. Part one, is our executive summary, part two, is a detailed look into the transport and logistics industry and part three, spotlights existing transport and logistics supply chain insurance solutions and shares recommendations that could help to address the sectors current and future needs more effectively.

Download part one: Executive summary

All transportation and logistics companies take risk very seriously given the impacts of disruption on their ability to keep goods on the move. Without transportation and logistics companies, the world’s supply chains would grind to a halt. Read our executive summary to understand the risks and opportunities available for the sector.

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Download part two: The transport and logistics industry

A $9.7trn industry, transport and logistics industry underpins $89trn of global and is expected to reach a value of $13.8trn by 2028. In this section of the report, you can hear from companies about the challenges they are facing moving goods across road, rail, air, and sea.

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Download part three: Insurance innovation opportunities

In part three of the report, we explore the current insurance product offering for transport and logistics companies and reveal ways in which collaboration between insurer and insured could encourage product innovation.

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Lloyd’s Futureset and WTW’s ‘Rethinking supply chains series’

Businesses have always relied on supply chains to get their products and services from concept, to manufacturing and finally into their customers hands. But in the last six decades – the era of globalisation – supply chains have grown in size, volume and complexity and in tandem their associated risks have also increased.

Our rethinking supply chain series, developed in collaboration with global broker WTW addresses the changing risk landscape of three core global industries – food and drink, semiconductors and transport and logistics – and provides recommendation as to how the insurance industry could support with their current and future risk transfer needs.

See all reports in the series.

Rethinking supply chains

'Rethinking supply chains' infographic

Download our 'Rethinking supply chains' series infographic, which covers each industries insurance gaps, examples of existing insurance solutions and suggests four key areas of action to encourage global supply chain resilience.

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