In today’s rapidly evolving global market, food distributors engaged in import and export face significant challenges, particularly concerning sustainability and risk management. Climate change profoundly affects crop yields, transportation logistics, and overall food security, necessitating a sustainable and resilient approach to adapting food chains. Simultaneously, robust insurance strategies are essential to ensure business continuity amidst…
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In the complex realm of food import and export, effective risk management is paramount. Implementing strategic insurance solutions not only safeguards your operations but also works to build resilience against unforeseen challenges. This article delves into essential insurance insights tailored for food distributors, emphasizing the importance of cargo insurance, trade credit insurance, and robust risk…
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The import and export of food have become intricate processes, encompassing a complex web of activities from sourcing to delivery. The myriad stages in between—transportation, storage, handling, and packaging—pose inherent risks that can disrupt operations and impact profitability. As a food distributor, exporter, or importer, your challenge is not only to navigate this process but…
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Importing food into the United States is a complex process, requiring businesses to follow strict FDA rules and regulations to ensure product safety and legal compliance. Failure to meet these requirements can lead to shipment detainment, costly fines, and reputational damage. Navigating FDA rules and regulations is essential for importers to navigate the compliance landscape…
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Stock throughput insurance is a type of insurance that covers the goods (or stock) of a business throughout the whole supply chain, from point of origin to final destination. This typically includes coverage while the goods are in transit (by air, sea, or land), in storage, and even during processing or manufacturing, thus maximizing the…
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As a food distributor, importer, or exporter, you are not only handling perishable goods but also navigating an intricate web of international laws, trade agreements, and financial transactions. One misstep, like an insolvency event or a buyer default, can have severe consequences for your business. Here’s where Trade Credit Insurance (TCI) for Food Distributors enters…
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Trade credit insurance for Food Distributors is a type of insurance that protects businesses from losses due to non-payment by their customers. It is especially valuable for businesses with international customers and businesses operating in the import/export industry. In this article we’ll explore the ins and outs of trade credit insurance and why it’s more…
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The number of food recalls exploded in 2022. The total number of “units” recalled under the authority of the FDA increased by 700 percent in 2022 compared to 2021, according to a recently released report. In fact, the Food and Drug Administration (FDA) and the USDA’s Food Safety and Inspection Service (FSIS) report there were…
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Exporting food products to the European Union can be a lucrative opportunity for food exporters, but it also comes with its own unique set of challenges. One of the biggest hurdles that exporters face is complying with the stringent EU pesticide residue requirements. With maximum residue limits (MRLs) that are often lower than those in…
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We all know that recalls can be extremely costly activities but they are a critical element of the product supply business, and the final line of defense to keep consumers safe. That’s why a reputable food liability insurance program is a must. Manufacturers are under extreme pressures unlike anything we have seen in recent times; factors…
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Coughlin Insurance Services, Inc.
178 Myrtle Boulevard, Floor 2, Larchmont, NY 10538
Toll Free : (800) 542-0661
Tel: (914) 834-1234 Tel: (212) 593-0200
