Filed Under:Risk Management, Loss Control

Supply Chain, Cyber & Rising Property Rates Emerging Concerns for Retail Risk Managers

Traditional exposures such as General Liability, Workers’ Comp and Product Recall still merit keen attention

What does being part of the global economy really mean?

Consider how even a midsize food retailer sources the items that stock its shelves today: procuring produce from South and Central America; getting gourmet products from Europe; and flying in farm-raised seafood from China.

And this concern is amply justified by real-world incidents.

TJX Cos., which operates retail stores in the United States, Canada, Ireland and the UK, reported in 2007 that over the two previous years data-security breaches compromised more than 45 million of its customer records.

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