editor s note Congratulations The word you don t hear when everything is going well As you are likely well aware risk management and safety can be challenging and often unsexy business When things go south you are the first to get a phone call But when business is humming along nicely or you managed to weather one storm or another well no one calls you to say Congratulations nothing is happening It might sound counterintuitive but if your work isn t noticed that s probably a good thing especially in the business of property insurance Compare it to being the referee of a big sports match Specta tors only notice you if you are doing a lousy job In that case wouldn t we rather be the ref on the field who nobody notices Both Esterline a multifaceted electronics and advanced technology firm and McCormick profiled here do the lion s share of their best work behind the scenes in places few people notice In partnership with FM Global these elite companies have fanned out around the globe while their risk management departments march alongside like good soldiers to keep up with all the growth In this issue we follow Esterline through the California desert and watch them in conjunc tion with their client service team do just that It s grunt work time consuming and grueling But no one is arguing that it doesn t need doing Esterline faces risk every day and that risk needs to be addressed Another client we paid a visit to McCormick has a global far reaching business model as well We sat down to discuss issues of sourcing safety and supply chain with their global team If you weren t paying attention you could overlook the important work this group does to help the organization maintain its market dominance So much of what our clients accomplish happens under the radar Without a doubt it s critical work Those of us in the business understand full well that without good risk manage ment economic success is precarious at best short lived at worst So while it would be nice to get a congratulatory pat once in a while or an appreciative text for a job well done it s not why we are in this business and it doesn t diminish the value of such important work Bob Gulla managing editor reason fmglobal com READ THIS on fmglobal com reason Hershey Kiss Tell With the announcement of a major new manufacturing facility in Malay sia The Hershey Company unwraps its strategy for global growth USG A Best Laid Plan USG a pioneering building products giant beats back a 500 year flood saving millions of dollars Stemming the Tide New abatement equipment and sys tems when combined with a sound flood emergency response plan help property owners reduce or eliminate business interruption in the face of flooding

Vorschau Reason Magazine Issue 2 2015 Seite 5
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