COVID-19: Supply Chain Risks and Contractual Obligations in the Face of the Novel Coronavirus

Recording of a 90-minute CLE webinar with Q&A


Conducted on Tuesday, April 14, 2020

Recorded event now available

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Program Materials

This CLE webinar will guide counsel on the potential supply chain risks involved because of the novel coronavirus (COVID-19). The panel will discuss the steps to take to mitigate these emerging risks. The panel will also address supply chain contract issues, including whether COVID-19 falls under the force majeure clause, and offer practical tips if there is a supply chain disruption.

Description

Supply chains are being impacted by the novel coronavirus (COVID-19) and the World Health Organization's global emergency declaration. In China, other Asian countries, and Europe, many manufacturers/suppliers, if open, are operating below capacity and facing challenges in obtaining governmental clearance, thereby leaving weak or broken links in the supply chains of many U.S. companies.

Companies and their counsel need to take proactive steps to minimize their commercial and legal risks to keep plants operating, fill store shelves, and satisfy customer requirements for finished goods.

Listen as our authoritative panel examines the potential supply chain risks involved because of COVID-19 and what steps companies and their counsel need to take to mitigate those risks. The panel will also address supply chain contract issues, including whether COVID-19 falls under the force majeure clause. Finally, the panel will offer practical tips if there is a disruption.

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Outline

  1. Current status and impacts of the coronavirus
  2. Government actions
  3. Risks to U.S. company supply chains
  4. Contingency planning to reduce disruption
  5. Managing contract obligations and legal risks
    1. Contract types
      1. Supplier contracts
      2. Customer contracts
      3. Transportation and logistics
    2. Contract reviews to determine rights and remedies
      1. Exclusivity
      2. Default
      3. Termination
      4. Liquidated damages
      5. Other
    3. Contract performance defenses
      1. Force majeure
      2. State law defenses
    4. Contracts going-forward
  6. Transportation and logistics issues
  7. Future Considerations

Benefits

The panel will review these and other key issues:

  • Potential risks posed by the spread of COVID-19 to supply chains
  • Contract considerations to help manage supply chain disruptions
  • Application of force majeure clauses to COVID-19
  • Impacts of COVID-19 on transportation and logistics services

Faculty

Booth, Karyn
Karyn A. Booth

Partner & Chair of Transportation Practice
Thompson Hine

Ms. Booth’s practice includes a full range of services with a focus on regulatory compliance and counseling;...  |  Read More

Connor, Brent
Brent Connor

Senior Counsel
Thompson Hine

Mr. Connor focuses his practice on U.S. Department of Transportation, Federal Aviation Administration, Customs and...  |  Read More

Tutrone, Jason
Jason D. Tutrone

Attorney
Thompson Hine

Mr. Tutrone advises multinational corporations, trade associations, and transportation intermediaries on domestic and...  |  Read More

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