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Keyword
supply chain

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P&C industry fastening its seatbelt for risk of global recession

June 20, 2022 by David Gambrill

Fresh from emerging from a global pandemic, Canada’s P&C insurance industry is turning its mind toward the next item on its global risks list – the threat of an economic recession. Global economic recession topped the list of potential 2023

A container ship passes beneath a suspension bridge as it departs for Europe.
News InsuranceMarkets / CoveragesRisk

Could the P&C industry have anticipated current supply chain issues?

May 9, 2022 by Alyssa DiSabatino

Pandemic-related supply chain interruptions have been contributing factors to rising commercial client exposures, and this outcome could have been anticipated, say panellists in a Canadian Underwriter webinar. “When you think about firms who have offshored, whether it be processing, or

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Paid How to help your clients risk manage prolonged supply chain struggles

April 5, 2022 HDI Global

With experts predicting the pandemic-induced global supply chain crisis will continue for at least several months, if not as long as two years, it has become more important than ever to help your clients manage their exposures. “It continues to

The word 'inflation' on a keyboard with a Canada flag
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Businesses bracing for high inflation to stick around over next two years: survey

April 4, 2022 Adena Ali - THE CANADIAN PRESS

The Bank of Canada said Monday that Canadian businesses expect average inflation to remain elevated over the next two years, but see interest rate moves and better supply chains cooling things off longer term. The central bank’s latest Business Outlook

Manufacturing plant
News Insurance

Manufacturers look to budget for help on supply chain problems, domestic production

April 1, 2022 Jordan Press - THE CANADIAN PRESS

OTTAWA – The federal Liberals are being asked to muscle space in next week’s budget to help Canada become more productive, and lay investments to lure new companies as part of a push to simplify pandemic-strained supply chains. For years,

Large distribution centre with many trucks
News Insurance

How supply chain back-ups are contributing to cargo theft

March 9, 2022 by Jason Contant

Supply chain disruptions and back-ups due to COVID-19 and other factors (such as a shortage of drivers or trucks to deliver product) are contributing to concerns around cargo theft, a transportation industry expert says. “When you have more [cargo] that’s

'Omicron variant' written on test tube
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Omicron variant raises uncertainty as companies downgrade forecasts  

February 1, 2022 Christopher Reynolds - THE CANADIAN PRESS

The highly transmissible Omicron variant has prompted companies in the manufacturing and resource sectors to downgrade their earnings forecasts amid ongoing uncertainty linked to the COVID-19 pandemic.   Cascades Inc., the Quebec-based packaging and tissue company, said Monday it expects fourth-quarter

News Insurance

Truckers say vaccine requirement for crossing border will exact economic toll

January 12, 2022 Christopher Reynolds - THE CANADIAN PRESS

MONTREAL – Truckers are warning that a Jan. 15 deadline requiring them to be vaccinated in order to enter Canada will put additional strain on supply chains amid the latest COVID-19 surge and severe worker shortages. As of Saturday, truck

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Key B.C. highway reopens to truck traffic after flood damage; rebuilds supply chains

December 21, 2021 The Canadian Press

VANCOUVER – British Columbia’s “hobbled” supply chains received a major boost with the reopening of the primary transport route for goods heading to and from Metro Vancouver, a spokesman for the trucking industry said. The Coquihalla Highway between Hope and

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Why a short-term approach to talent management doesn’t work anymore

November 26, 2021 by Jason Contant

It’s time employers get better at sourcing their own talent and actively developing their employees’ skills, two authors wrote in a blog from Harvard Business Review. “For decades, companies have adopted a short-term, ad hoc approach to talent management —

News Insurance

Border-crossing vaccine mandate adds to driver shortages, supply chain concerns

November 17, 2021 Canadian Underwriter Staff

Brokers are struggling to support their transportation clients as a new border-crossing vaccine mandate adds to driver shortages and supply chain concerns for an industry that’s already grappling with a host of prolonged concerns, a broker has said. The recent

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Annual inflation rate rises to 4.7% in October, Statistics Canada says

November 17, 2021 by Jason Contant

OTTAWA – Statistics Canada says the annual pace of inflation in October rose to 4.7 per cent as the consumer price index posted its largest year-over-year gain since February 2003. The increase compared with a year-over-year increase in the consumer