U.S. and Canadian companies looking to expand globally recognize the risks associated with supply-chain failures, but they need to do more to prepare for those risks, according to a recent survey.
Chubb Corp. released results from its 2014 Chubb Multinational Risk Survey, which questioned 300 U.S. and Canadian companies about their international global exposures. The survey shows 52% of the businesses intend to increase overseas activity in 2014.
The top threats associated with overseas activity mentioned by the companies were supply-chain failure (19%), a data breach/cyber event (15%), government/regulatory investigation and political instability (13% each) and natural catastrophes (12%).
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