Managing Systemic Supply Chain Risk to the U.S. Economy from Trade Concentration and Geopolitical Conflict

The Roles of Insurance and Other Hedging Strategies

Bradley Martin, Henry H. Willis, Aaron Strong

ResearchPublished Feb 18, 2026

Global trade delivers materials and manufactured goods through supply chains worldwide to fuel national economies. This report examines policy issues related to managing systemic supply chain risks from trade concentration and geopolitical conflict. The purpose of this analysis is to improve understanding of this area of economic risk so that the private and public sectors can work together to manage them effectively.

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Martin, Bradley, Henry H. Willis, and Aaron Strong, Managing Systemic Supply Chain Risk to the U.S. Economy from Trade Concentration and Geopolitical Conflict: The Roles of Insurance and Other Hedging Strategies. Santa Monica, CA: RAND Corporation, 2026. https://www.rand.org/pubs/research_reports/RRA4291-1.html.
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Funding for this research was provided by the generous contributions of the RAND Feinberg Center for Catastrophic Risk Management and Compensation Advisory Board, gifts from RAND supporters, and income from the operation of RAND Education, Employment, and Infrastructure. The research was conducted by the RAND Institute for Civil Justice within RAND Social and Economic Well-Being.

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