Clear visibility into supply chain complexity

In January 2019, the MSC Zoe lost more than 375 cargo containers in the North Sea, some of which contained organic peroxides, hazardous materials with explosive capability. The cost of locating and retrieving the cargo, some of which had sunk to the depths of the ocean, was born by MSC. The hunt was costly and time-consuming. In February 2019, the Safety and Shipping Reviewreleased its 2019 report that revealed the cost of the around 230,000 insurance industry claims over the past five years had almost reached $10 billion. The international shipping…

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