Managing Supply Chain Risks in 2021: Insurance, Force Majeure, Rights and Contractual Obligations

This CLE course will guide counsel on managing supply chain risks and liability in the global pandemic and uncertain economic climate. The panel will discuss what steps have worked most successfully for the past year to mitigate these risks. The panel will also address supply chain contract issues, including when and how COVID-19 may fall under the force majeure clause and offer practical tips when there is a supply chain disruption.

The impact of COVID-19 on the global supply chains continues to be felt. As vaccination distribution rolls out and variants of the virus continue to circulate, the need for a robust supply chain is evident. Manufacturers and suppliers in China, other Asian countries, and Europe continue to operate below capacity and face challenges in obtaining governmental clearance, thereby leaving weak or broken links in the supply chains of many U.S. companies. Companies should review their contracts and insurance to determine when and how disruption claims may be most readily addressed.

Companies and their counsel need to consider what proactive steps should be taken to minimize their commercial and legal risks to keep plants operating, fill store shelves, and satisfy customer requirements for finished goods by reviewing what has been successful and what has not.

Listen as our authoritative panel examines the supply chain risks involved due to COVID-19 and what steps companies and their counsel can take to mitigate those risks. The panel will also address supply chain contract issues, including whether COVID-19 falls under the force majeure clause and practical tips when there is a disruption.