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Increased communication, technology and costs are necessary to tackle supply chain challenges
Contributed photo
K-J Fasteners Inc. is doing its best to communicate more than ever with customers amid supply chain challenges.
Slow shipments. Not enough employees. Soaring costs. Depleted inventories.
The supply chain is full of knots and holes right now, spots for companies to stumble. And there are ways to mitigate these challenges, from increased automation to higher wages, but they all come with a cost.
To address supply chain and demand challenges, General Die Casters Inc. in Twinsburg has been running overtime and installing automated equipment, said CEO and president Brian Lennon. He has raised wages to attract employees and is starting to work with a temp agency in Puerto Rico to bring in more people.
Reliance Partners acquires cross-border insurer Borderless Coverage
The acquisition expands Chattanooga, Tennessee-based Reliance’s risk management solutions for cross-border insurance, company says 546 1 minute read Mark Vickers founded Borderless Coverage to provide cross-border consulting services and cargo insurance for the shipping industry. Pictured is the U.S. Customs and Border Protection port of entry in Otay Mesa, California. (Photo: CBP)
Reliance Partners, one of the nation’s largest insurance agencies serving the trucking and logistics industries, announced Wednesday it has acquired Borderless Coverage, an agency specializing in North American cross-border insurance.
Mark Vickers founded Cleveland, Ohio-based Borderless Coverage in 2018. The company provides cross-border consulting services and cross-border cargo insurance to a wide range of businesses in the North American shipping industry.
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Reliance Partners Acquires Borderless Coverage Insurance Agency Wednesday, February 17, 2021
Reliance Partners, an insurance agency focused solely upon the commercial transportation and logistics industries, on Wednesday announces the acquisition of Borderless Coverage, an Ohio-based agency specializing in North American Cross Border Supply Chain & Insurance. Between 2015 and 2020 Reliance Partner’s transportation and logistics book expanded from approximately $15 million in premiums to $200 million, primarily through organic growth, and Wednesday’s Borderless acquisition expands Reliance’s solutions.
Borderless Coverage brings the expertise for international organizations to safely and profitably conduct cross border business in North America, and offers Cross Border Business Consulting as well as Cross Border Transportation & Logistics Insurance, said officials. Borderless CEO Mark Vickers will also join Reliance Partners as executive vice president and h