You will probably remember that earlier this year, KFC faced a huge crisis when it was announced that they had ‘run out of chicken’. What actually happened was that their new distributor failed to deliver the chicken on time, causing many franchises to close temporarily. Some remained open but only provided a limited menu.
This caused uproar in the UK. Customers were reacting furiously all over social media and the reputation of KFC was at an all-time low. This was because
they had no back-up plan. They were not prepared.
Would your organisation be in a position to survive this supply chain dilemma, without business interruption? And if not, how would you overcome the reputational damage caused by negative media coverage?
Unfortunately, supply chain disruptions like this are not uncommon.
According to The Business Continuity Institute, 65% of all companies in the UK experienced at least one supply chain disruption in 2017, and 55% of these incidents resulted in a loss of productivity and loss of money.
With these statistics being so high, you may be surprised to know that 51% of companies don’t insure their businesses for supply chain losses. With the right insurance, you stay protected and minimise productivity losses.
Don’t be part of this statistic. Don’t be left without a back-up plan.
Are you confident that you’ve taken all your business risks into consideration?
Get in touch with The Trust Insurance Group and allow us to see how we can make sure you’re always up and running – even when you get let down by your supply chain.
At Trust Insurance Group, we offer a complimentary insurance review to ensure that your business has the most adequate cover in place, for all eventualities. We pride ourselves on understanding our clients and their business risks, and peace of mind comes from knowing that your business is prepared for the worst, so it can continue performing at its best.
Call today on 01476 434050 or email me on firstname.lastname@example.org, and choose insurance you can Trust.