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Risk in Context Podcast: Shipping companies responding to supply chain challenges, ESG concerns

The COVID-19 pandemic and geopolitical risks have impacted already fragile supply chains.
Container cargo ship in import export business logistic at night, Freight transportation, Aerial view

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13/09/2022 · 2-minute read

The COVID-19 pandemic and geopolitical risks have impacted already fragile supply chains. As organizations try to prepare for the next major disruption, they are taking steps to restructure their supply chains, while at the same time addressing environmental, social, and governance (ESG) concerns.

In this episode of Risk in Context, John Frazee, Marsh’s Marine and Logistics growth leader for the US, talks to Randal Waters, senior vice president within Marsh Advisory’s Emerging Risks Group, Matthew Yeshin, managing director within Marsh Canada’s Marine Logistics and Transportation Practice, and Richard Geiger, leader for North America’s Marine Industry Practice. They discuss persisting supply chain challenges, disruptions in the shipping environment, and how shipping companies can improve their ESG posture.

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Key takeaways

Companies investing in supply chain restructuring

There is increased emphasis on optimizing supply chain efficiency, while at the same time addressing potential ESG concerns within the shipping environment.

Shipping industry responding to shift in demand

As economic changes alter consumers’ demands and expectations, shipping companies have made changes that affect supply chains, including how they are moving cargo.

Long-term fixes needed to make supply chains more robust

Organizations need to go beyond rethinking just-in-time processes. They need to explore how they can withstand disruptions, while taking care of their people and managing risk in a competitive way.

About our speakers

John Frazee

John Frazee

Marine/Logistics Growth Leader

John Frazee is Marsh’s US Marine/Logistics Growth Leader. He also serves as Marsh’s US Marine Auto and Manufacturing Industry Leader. John has more than 30 years of insurance industry experience; he began his career at Marsh in 1990.

Randal Waters

Randal Waters

Senior Vice President, Emerging Risks Group, Marsh Advisory, North America

  • United States

Randal Waters is a senior vice president within the Emerging Risks Group, part of Marsh’s Advisory practice. He joined Marsh in 2021 and helps clients understand their strategic risks, with a focus on climate, cyber, and supply chain risk quantification. He also helps with the development of roadmaps to build resilience. 

Matthew Yeshin

Matthew Yeshin

Global Digital Cargo Leader

  • Canada

Matthew Yeshin is Marsh Canada’s National Practice Leader for Marine, Logistics, and Transportation and North American resource for cargo liability and shippers’ interest solutions. He leads teams that build both traditional and digital insurance solutions that will integrate with current and emerging supply chain technology, and improve upon the delivery and execution of traditional insurance models.

Rick Geiger

Richard Geiger

Leader, North America’s Marine Industry Practice

Rick Geiger is a senior vice president and the North American Marine Industry Leader, within Marsh’s Global Marine Practice. He has been in the marine insurance business for 25 years, 19 of which with Marsh.

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