“At Swiss Re Corporate Solutions, we pursue a strong Industry Focus, when developing risk solutions in close partnership with our customers”, said Philip Brandl, Manager Risk Engineering Services EMEA.

Today’s supply chain networks are complex, global and highly dynamic, leaving many businesses grappling to understand the risks and interdependencies of their production processes. This is particularly true in the automotive sector, where car manufacturers’ final assembly lines often depend on thousands of direct external suppliers, who themselves have further external suppliers. Lean production has created critical hubs, so called components plants, which could simultaneously stop several final assembly lines.

“If you look at the German automotive companies for example, these manufacture a total of roughly 16 million cars per year, of which 11 million are manufactured abroad,” Brandl said.