Somalia and Gulf of Aden still have pirate-infested waters, but over the last five quarters, a new country's national waters have become the most heavily pirated on earth, according to data from the International Maritime Bureau's Piracy Reporting Centre.

Eighty-five percent of companies with global supply chains experienced at least one supply chain disruption in the previous 12 months. Risk is inherently unpredictable. Fortunately, the current workforce is undergoing its own transformation to be able to identify and manage risk on a global basis.

Inttra, a global, multi-carrier shipping network for ocean freight, is now offering its shipper members access to cargo insurance from Lloyd's of London broker FP Marine Risks.