Heiko Schwarz

All right, we'll do.

Supply chain risk management is extremely important for companies, mainly for the companies that produce goods.

And as supply disruptions or reputational noncompliance within their supply networks lead to manufacturing stop, which means these companies are no longer able to serve their customers with the products that they have promised to serve.

which leads to increased cost to firefight and fix these problems and loss of revenues at the same time.

So if you imagine these consequences do pair up, it means at the end of the day that a company is losing revenue while the competition is jumping into this lack of product delivery and cost increase.

So it's really the worth math.

from an economic perspective, and that's probably not a space in which manufacturing companies want to end.

It is part of it.

So we cross...

look from a holistic perspective on everything that damages the reputation of our customers or disrupts the supply chain.

So to become a little bit more precise, we look into an area which we call delivery.

So everything that disrupts the delivery, it might be a strike at a supplier or sub-supplier site.

It might be a strike at a seaport, airport, distribution center, warehouse.

And there might be a fire at a production site or assembly line of a business partner that really physically disrupts the supply chain.

Or a hurricane or something.

Hurricane, any kind of natural disasters, flooding, earthquake, fires, probably actually a big topic in the US.

So, aside of these physical disruptions, we also consider everything that is...

putting the business partners in struggle because of financial health.

So cash flow developments, fines, penalties,

lost lawsuits, which are really bringing a financial risk to the viability of business partners is another area where we are looking deep into.