Supply Chain Insurance Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2020-2024

Supply Chain Insurance Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2020-2024

  • Published: Jan 2021
  • Pages: 120
  • SKU: IRCMSTR21167

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Supply Chain Insurance Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis

The supply chain insurance procurement category is projected to grow at a CAGR of 3.83% during 2020-2024. The prices are outlined to rise by 3%-5% during the forecast period and suppliers will have a Moderate bargaining power in this market. Zurich Insurance Group Ltd., American International Group Inc., and Berkshire Hathaway Inc. are a few of the key suppliers in supply chain insurance market.

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Who are the Top Suppliers in the Supply Chain Insurance Market?

This report offers detailed insights and analysis of the major cost drivers, volume drivers, and innovations of the supply chain insurance procurement and sourcing market, which the global suppliers have been leveraging to gain a competitive edge across regions. Some of the leading supply chain insurance suppliers profiled extensively in this report include:

Furthermore, this supply chain insurance procurement market report provides detailed analysis of procurement strategies deployed by major category end-users across several industries while sourcing for supply chain insurance requirements. In addition, most adopted and high potential pricing models considered by buyers have been analyzed in this report, which will help understand business scopes for revenue expansion. These data will assist buyers to realize cost savings and identify business strategies to improve sales.

What are the Most Suitable Supplier Selection Criteria, Supplier Evaluation Metrics, and SLA that Buyers Should Consider?

The supply chain insurance procurement market report provides detailed analysis into various supplier selection criteria, RFX questions, supplier evaluation metrics, and the service level agreements that the buyers should consider adopting to achieve significant cost savings, streamline procurement process, and reduce category TCO while sourcing for supply chain insurance requirements.

Supply Chain Insurance Market Supplier Selection Criteria, Supplier Evaluation Metrics, and SLA

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What are the Most Adopted Procurement Strategies by Buyers Across Industries?

The report provides a detailed insight of the most adopted procurement strategies by buyers across industries and analysis of these strategies with respect to innovation, regulatory compliance, quality, supply, and cost. Adoption of these procurement strategies will enable the buyers to reduce category TCO and achieve cost savings, while sourcing for supply chain insurance requirements.

What are the Major Pricing Models Adopted by Buyers in Supply Chain Insurance Market?

The report discusses in detail each pricing model and the pros and cons attached to every pricing model prevalent in the market. Also, the report provides insights with respect to the category supply chain and the margins of various suppliers within the supply chain. These market analysis data will enable the buyers to make informed strategic sourcing decisions. Buy the full supply chain insurance procurement market report now to get comprehensive details on pricing models

Price Strategies and Benchmark

Request for a FREE sample to access the latest price forecasts, market drivers, TCO reduction opportunites for supply chain insurance market

To optimize the value of the purchase, it is crucial to keep a track of current and future price trends. Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price influencing factors. During the forecast period, the market expects an incremental spend of 2.45 $ billion due to various market drivers prevalent across multiple regions. Also, the report speaks about various cost-saving factors through analysis of the below factors:

  • Identify favorable opportunities in supply chain insurance TCO (total cost of ownership)
  • Expected changes in price forecast and factors driving the current and future price changes
  • Identify pricing models that offer the most rewarding opportunities

What will the Spend Growth and Demand be by Region?

The supply chain insurance market will register an incremental spend of about 2.45 $ billion during the forecast period. However, only a few regions will drive the majority of this growth. Moreover, on the supply side, North America, Europe, and APAC will have the maximum influence owing to the supplier base. The growth is expected to be primarily driven by increasing demand and adoption of the category across those few regions. To get a detailed analysis of the volume drivers that are driving the adoption of the category across regions, buy the full report now!

The drivers and inhibitors that influence these global and regional outlooks are elaborated in detail in this procurement report. Our in-depth growth decomposition analysis covers details on:

  • Factors driving the growth (or lack of it) in individual geographies
  • Regions that hold the most rewarding opportunities for buyers and suppliers
  • Spend growth and regional spend segmentation over the coming years

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What are the Major Category Management Objectives for Supply Chain Insurance Sourcing?

A targeted strategic approach to supply chain insurance sourcing will provide several opportunities. However, in the absence of actionable intelligence on supply chain insurance, buyers may end up focusing on a tactical sourcing strategy without any focus on cost-saving opportunities. Hence, this report focuses on category management initiatives such as supply assurance, cost savings, and top-line growth, which will assist buyers to formulate a strategic procurement strategy

The report explains the following key category management objectives that should form the base for sourcing strategy.

Category Management Objectives for Supply Chain Insurance Sourcing

To explore the extent of influence of category management objectives that can improve the efficiencies of the retailers, Request for a FREE Sample Report!

In addition to helping buyers in identifying the strategic goals and initiatives for category management, the report also has detailed insights into the most outsourced category management activities and category enablers which can simplify the procurement process for buyers.

Scope of Supply Chain Insurance

Report Specs

Details

Page number

120

Base year

2020

Forecast period

2020-2024

Spend growth (CAGR)

3.83%

Incremental spend

2.45 $ billion

Pricing growth outlook

3%-5%

Pricing models

Cost plus pricing, Percentage-based pricing, and Risk-based pricing

Supplier selection scope

Details on coverage exclusions, Proficiency of underwriters, Pre-claims assistance support, and Provision for endorsements

Supplier opportunities

Forward integration, Supplier synergies, Reducing total ownership cost, Manage ad hoc spend, Negotiate on pricing and contractual terms, Conference participation, Level of automation, Adoption of automation, and Managing commodity price volatility

Supplier selection criteria

Business needs, Technical specifications, Operational requirements, Security compliance, Regulatory mandates, Legal requirements, Quality control, Change management procedures, Pricing models, Penalty clauses, SLA nuances, Acceptance criteria, and Evaluation criteria

Category management scope

Supply assurance, Cost savings, Top-line growth, Supply base rationalization, Minimalization of ad hoc purchases, Reduction of TCO, Category innovations, Adherence to regulatory nuances, Green initiatives, Scalability of inputs, and Demand forecasting and governance

Top suppliers

Zurich Insurance Group Ltd., American International Group Inc., Berkshire Hathaway Inc., Munich RE, Allianz SE, Marsh & McLennan Companies Inc., If P&C Insurance Co. Ltd., Swiss Reinsurance Company Ltd., Morris & Reynolds Insurance, and Kaercher Insurance

Market dynamics

Regional category spend in terms of percentage with respect to North America, South America, Europe, Middle East and Africa and APAC and global category spend and CAGR in terms of percentage over a span of 5 years.

Customization scope

We can create customized sourcing/procurement reports with specific requirements for your business.

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Supply Chain Insurance Procurement

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Executive Summary

    Market Insights

      Category Pricing Insights

      • Overview of pricing models

      Cost-saving Opportunities

        Best Practices

          Category Ecosystem

            Category Management Strategy

              Category Management Enablers

                Suppliers Selection

                  Suppliers under Coverage

                    US Market Insights

                      Category scope

                        Appendix

                          Research Framework

                          SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                          INFORMATION SOURCES

                          Primary sources

                          • Procurement heads
                          • Category managers
                          • Sourcing consortium professionals
                          • Industry experts and thought leaders
                          • Procurement managers
                          • Category heads of suppliers
                          • Client account heads/managers
                          • Client and industry consultants

                          Secondary sources

                          • Industry journals and reports
                          • Periodicals and new articles
                          • Category webinars
                          • Internal categiry playbooks
                          • Industry and government websites on regulations and compliance
                          • Internal databases
                          • Industry blogs/thought leader briefings

                          DATA ANALYSIS

                          Supply Chain Insurance Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2020-2024
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                          The supply chain insurance procurement market will grow at a CAGR of about 3.83% during 2020-2024.
                          During 2020-2024, the supply chain insurance procurement market will register an incremental spend of about $ 2.45 billion.
                          Zurich Insurance Group Ltd., American International Group Inc., Berkshire Hathaway Inc., Munich RE, Allianz SE, Marsh LLC, If P&C Insurance Ltd , Swiss Re, Morris & Reynolds Insurance, and Kaercher Insurance are some of the prominent suppliers in supply chain insurance market.
                          Cost plus pricing, percentage-based pricing, and risk-based pricing are the widely adopted pricing models in supply chain insurance procurement.
                          During the forecast period, the price for supply chain insurance procurement will increase by 3%-5%.