International fishery supply chain risk management and insurance

Abstract

Supply chain is susceptible to a diverse set of risks for every company. In general terms, risks affecting a supply chain are related to the chance, in quantitative terms, of a defined hazard occurring. Supply chain risks involve probabilistic measures of the occurrences of particular events with an associated measure of the consequences of the events. Interest in supply chain management has also been growing in the international fishery industry both in developed and developing countries. Supply chains are increasingly vulnerable to catastrophic events such as hurricanes or terrorist attacks. Modern international fishery related company are more exposed to catastrophes and the result of their investments are made to operate supply chains with fewer human and capital resources. Along with the occurrence of several catastrophic events in international fishery supply chains, international fishery risk diversity and insurance problems become more and more important. In this paper, the problems of international international fishery supply chain risk management and insurance is considered.