Page 19: of Maritime Reporter Magazine (January 2022)

in the industry have always known: the maritime supply chain of complexity for the next decade, operators will need addi- is both strategically and economically important to societies, tional resources and tools, especially relating to intelligence big and small. gathering and analyses of global risk trends and solutions.

Simply put, the criminal element is increasingly recognizing In response, Willis Towers Watson, one of the world’s lead- that attacks against critical supply chain infrastructure such as ing insurance brokers to the maritime sector, has just launched ports and terminals are more likely to result in ransoms being a dedicated risk forum for ports and terminal operators.

paid, because those operations are vital to the health of global Modelled after our highly successful Airport Risk Commu- and local economies. nity (ARC), the forum acts as a members’ network, designed

As port operators’ connectivity expands in pursuit of better to identify risks and the most effective responses in the mar- productivity, their stakeholders, including ? nanciers, are go- ket. It collaborates with the Centre for Risk Studies at the Uni- ing to insist on seeing evidence that cyber risks are added to versity of Cambridge’s Judge Business School, a long-term the growing list of business threats that have been identi? ed Willis Research Network partner, to develop a continuously and are being addressed. updated index of risks to the ports and terminals sector. The

Securing capital to keep pace with technological change Index itself will be launched next year.

also will hinge on their strategies for handling ESG (environ- The forum provides an events-based networking group mental, social and governance) risks, particularly regarding through which knowledge and expertise can be shared to cre- climate change, and global threats arising from an increasing- ate a stronger and more resilient industry. Our global experi- ly unpredictable geopolitical arena, such as trade embargoes, ence as advisors, brokers and solution providers to industry tariffs and sanctions. has taught us that the harnessing of collective wisdom is an

With the threat landscape destined to add several new layers expedited path to ? nding effective solutions.

THE LEADER

SLIDING WATERTIGHT DOORS

SINCE 1939

AND CUSTOM CLOSURES

ENGINEERING + EXPERIENCE ™ = A WINNING TRADITION 91 Willenbrock Rd., Unit B4, Oxford, CT 06478 • [email protected] • www.wkdoors.com • (203) 267-5712 • Fax (203) 267-5716 www.marinelink.com 19

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