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The manufacturing risk environment

The manufacturing sector continues to contribute to the global economic recovery, yet the environment in which it operates remains unpredictable. Driven by trends such as globalisation and sustainability, this highly competitive landscape creates risks to manufacturers’ strategic business objectives.

Key to the success of this important business sector is the creation of superior financial and strategic value. The long-term winners will be those companies that anticipate change, adapt the scope of their business activities and put in place robust risk management programmes to safeguard and support their success.

How can Willis help manufacturers?

The individuals within our Manufacturing Practice have considerable experience and knowledge of the industry. They use their insight to help our clients manage and mitigate risk and control costs within their businesses.

Your Willis Towers Watson team will look at the operational structure, the people and the values and ethics that are fundamental to your business strategy. We analyse your business in terms of key manufacturing value drivers such as; focus, customer insight, brand and intellectual property, cost and efficiency, talent, innovation, agility, and partnerships and alliances. We then review the risks that could damage your business and recommend areas for improvement such as business resilience and recovery, risk retention and transfer, servicing efficiencies and cost reductions. Particular areas of focus where expert advice is available include supply chain risk management, product recall and contamination, and satisfying regulations and compliance across multiple territories.

What experience does Willis Towers Watson have in the manufacturing sector?

The Willis Towers Watson Manufacturing and Industrial Practice has worked with businesses in this sector for many years and as a result we have a deep insight into the opportunities and challenges manufacturers face. Our team of manufacturing specialists are based throughout the UK and work with clients operating within all industry sub-sectors including; packaging, textiles, electronics, defence, chemicals, aggregates, auto, luxury goods and energy industry equipment.

Part of a global broking organisation, the manufacturing team is your connection to the breadth of expertise Willis has to offer. Our industry focus combined with our risk management, claims and insurance placement proficiency means we are well positioned to assist with both traditional and emerging business exposures.

Please do not hesitate to contact us to discuss your manufacturing risk management and insurance strategy further and find out how we can help you implement the right approach for your business.

 

CONTACT


Neil Charman
UK Manufacturing and Industrial Practice
+44 (0) 203 124 7995


Julien Hampson
UK Manufacturing and Industrial Practice
+44 (0) 203 124 6092





MANUFACTURING AND INDUSTRIAL PRACTICE




RELATED SECTORS


Food & Drink
Transportation