Unpacking the Risks Faced by Heavy Commercial Vehicle Operators and Goods in Transit

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Supply chain management lecturer at Australian National University, David Leaney, says the image is "as bad as it looks". This is the ship queue around the port in the Chinese city of Shanghai due to China's zero tolerance approach toCOVID-19. Shanghai's greater port area is about 60km wide and it handles an average of 2000 ships a month and 40 million containers. The backlog is causing delays to both imports and exports. Source www.9news.com.au

The international supply chain is struggling. Thousands of ships are queuing to access ports, goods are stuck in containers, and transporters, including those who move fish, fish products and other perishables, face massive congestion and delays. This article unpacks the risk and insurance challenges facing heavy commercial vehicle (HCV) operators in the current transport operating environment, both in terms of the vehicle assets and the goods in transit. VUYISANI TITI, CEO of Lynx Transport Underwriting Managers, underwritten by GENRIC Insurance Company Limited offers some startling information and insight.

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