Linda Kornfeld, Attorney at Law, Jenner & BlockFrom Linda Kornfeld, Attorney at Law, Jenner & BlockAir CargoHow The Right Insurance Can Help Protect Your Supply ChainOn March 11, 2011, a tsunami off the coast of Japan caused human tragedy on a massive scale, killing thousands and rendering more than half a million homeless. The tsunami also wreaked havoc on business supply chains worldwide. Toyota and Honda experienced a 30-percent and 60-percent decline in profit, respectively, which both attributed to production lags caused by limited supplies of parts after the tsunami. The tsunami caused an estimated $40bn in economic losses due to interruptions in global supply chains.April 22, 2013Page 1 of 1
