AIR Worldwide (AIR) has expanded its suite of Catastrophe Risk Engineering (CRE) solutions associated with the impact of catastrophes on supply chain networks. AIR says its offering will help risk managers assess and reduce the risk from catastrophic perils such as hurricanes, earthquakes, floods, tornadoes and tsunamis. This includes risk not only from physical damage, but also from direct and contingent business interruption losses across the entire supply chain network.
Understanding both the upstream and downstream components of the supply chain network enables companies to clearly identify network vulnerabilities, as well as the potential impact of catastrophes to their supply chain and, ultimately, their business, says AIR. Equipped with this insight, corporations can consider various physical, financial or operational mitigation measures to undertake to improve supply chain resiliency. These corporations also can incorporate such measures into the network analysis to quantify distinct benefits.
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