Automotive sector hit by supply-chain disruptions: JLT Specialty

Posted On: Jun. 13, 2018 6:14 AM CST

Research by U.K.-based insurance broker JLT Specialty Ltd. found that supply-chain disruptions in the automotive industry increased more than 30% year over year to nearly 1,700 incidents in 2017, Automotive Logistics reported. The research found that factory fires and explosions, hurricanes, mergers and acquisitions and labor strikes were the main causes for supply-chain disruptions. The disruptions affected more than 5,500 suppliers at nearly 11,000 sites across the world, the research added.