Supply Chain Insurance Market Expected to Grow Due to High Adoption in Manufacturing, Transportation & Logistics, Pharmaceuticals, and Food Industries, 2025 | Grand View Research, Inc.

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According to a new study from Grand View Research, North America leads the supply chain insurance market with over 35% revenue share, followed by Europe (~30%) and of APAC (~25%).

Sourcing prospects

With the increasing complexity of developing an effective supply chain for better outsourcing business, the likelihood of supply chain disruption has also increased. These disruptions can be caused by various reasons beyond the control of the organization such as natural disasters, accidents, labor crisis, political instability, financial disruptions, transportation infrastructure disruption, etc. Therefore, an organization must have supply chain insurance in place for any supply chain disruptions. The two types of coverage that will cover supply chain issues are business interruption insurance (CBI) and extended and specialized supply chain insurance. These insurance policies reimburse both potential lost profits and costs caused by disruptions to the insured’s supply chain, even if the insured themselves suffered no damage.

Demand Outlook

The global supply chain insurance market is valued at USD 2.5 billion in 2020 and it is expected to grow at a CAGR of 4% from 2020 to 2025 owing to the high adoption of supply chain insurance. supply chain by medium and large companies in the industrial, transport and logistics, pharmaceutical and food and beverage sectors. High anti-dumping duties imposed by the governments of countries such as China, the United States, France, Germany and India are expected to increase the price of exported supply chain insurance. North America leads the supply chain insurance market with over 35% revenue share, followed by Europe (~30%) and APAC (~25%) .

Grab your copy or request a free sample of “Supply Chain Insurance Market Procurement Intelligence Report, published by Grand View Researchfor in-depth details on vendor ranking and selection, sourcing, and pricing criteria and strategies.

Cost Drivers

One of the main elements in the development of supply chain insurance is the salary of the personnel who write the insurance policies. The cost of insurance also depends on the terms of the policy, the size of the business, the geographical location and the criticality of a business.

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A smart and efficient supply chain is essential to the growth of any organization. Pipeline Division at Grand View Research provides detailed insights into every aspect of the supply chain, helping to make effective sourcing decisions.

Our services include (but are not limited to):

  • Market intelligence involving – market size and forecast, growth factors and driving trends
  • Price and Cost Intelligence – pricing models adopted for the category, total cost of ownership
  • Supplier Intelligence – rich insight into the supplier landscape and identifies suppliers that dominate, emerge, bask and specialize
  • Sourcing / Procurement Intelligence – best practices followed in the industry, identification of standard KPIs and SLAs, peer analysis, negotiation strategies to be used with best-suited suppliers and countries for sourcing to minimize chain disruptions supply

Browse Grand View Research’s collection of procurement intelligence studies:

  • Web Hosting Services Market Supply Intelligence – Web hosting services provide shared or dedicated hosting of one or more services to their customers. It is mainly used to host websites, corporate emails, files, games, and other content. Web hosting services allow businesses to outsource one or more essential web-based functions to a hosting provider. Hence, the need for sourcing web hosting services becomes very important.

  • Engineering, Procurement and Construction Market Supply Intelligence – EPC is an abbreviation for Engineering, Procurement and Construction Contracts. It is a form of construction contract used for a large or complex project. Here, the builder must deliver a complete turnkey project. Here, the execution time and budget are predetermined, regardless of uncertainties, unexpected bottlenecks or natural and man-made disruptions. Projects can come from both the private and public sectors.

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