Going the Distance with Toy Industry Cargo

Toy industry insiders are familiar with the estimate that 80 to 90 percent of all toys sold in the U.S. each year are manufactured outside the nation’s borders.  With nearly $19.5 billion of retail product traveling by land, sea or air, all types of cargo transportation options are evaluated and weighed to consider the different levels of risk. A single loss can disrupt a company’s entire supply chain and have a lasting impact on its reputation.

Many successful toy companies have come to realize the importance of cargo insurance, which is a simple, but often overlooked, best practice in international shipping.

“Considering the many shipping issues that impact the toy business – such as just-in-time delivery, supply chain complexities and business interruption exposures – the right all-risk cargo policy can offer peace of mind while protecting the full value of cargo shipments,” explained Benjamin Thrush, vice president of new business development at HUB International Northeast.  “Policies can be expanded to cover merchandise from numerous hazards, including but not limited to cargo-related crime or lax transportation security.”

To identify and better understand the unique hazards to your distribution system, and to receive a free analysis of your current cargo insurance policy, please contact Mr. Thrush and the insurance experts at HUB International Northeast, a TIA affinity partner:  (tel) 1-800-706-3023; (e-mail) Benjamin.Thrush@HUBInternational.com.