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Pandemic-Driven Budget Cuts Increase Safety Risks for Ocean Cargo

from Supply Chain Dive

Pandemic-Driven Budget Cuts Increase Safety Risks for Ocean Cargo Supply Chain Dive Alllianz warned the economic impacts of the coronavirus on shippers, carriers and workers will encourage cost-cutting, which often negatively affects safety. "We know from past downturns that crew and maintenance budgets are among the first areas that are cut," said Rahul Khanna, Global Head of Marine Risk Consulting at Allianz Global Corporate & Specialty, in the report, stating the importance of maintaining safety and maintenance budgets amid cost-cutting. READ MORE

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