OnSolve Report Highlights of Trends Impacting Organizational Resilience

CEOs have a lot to consider when making business decisions. It is difficult to balance customer needs with board and investor demands and maintain an edge over competitors to deliver innovative products and services. Increasingly, however, CEOs must take into account a wide range of events and influences that, at first glance, seem completely independent of the company, but which have a significant impact on the functioning of the company. and organizational resilience.

The Covid pandemic has given businesses around the world a crash course in the butterfly effect and its ability to disrupt supply chains and cripple business. A disaster or severe weather event on the other side of the world can have a cascading effect that results in empty store shelves or empty lots at car dealerships.

We’re still actively dealing with Covid, but as businesses begin to pivot into a post-pandemic world, there are a variety of trends and issues that can undermine them. A new report from OnSolve, “CEO Brief: Global Risk Impact Report,” reveals the top threats facing organizations and shares insights into why CEOs need to be more proactive in understanding the risk landscape across the board. wide to make effective business decisions.

Global Risk Impact Report

OnSolve provides organizations with critical event management information that enables them to proactively mitigate physical threats and remain agile in a crisis. No business can entirely avoid disaster or disruption, but knowing what’s on the horizon and its potential impact can enable organizations to make decisions that avoid or minimize the consequences of the event.

The CEO Brief: Global Risk Impact Report was developed based on an analysis of all events detected by OnSolve between January 1, 2020 and July 1, 2022 that may have an impact on customers. The data was collected using OnSolve Risk Intelligence, an AI-powered platform that monitors more than 50 physical threat risk categories in nearly 160 countries in real time. There were more than 14 million global events or physical threats detected by OnSolve during the analyzed period.

Many CEOs are very focused on their own business and their competitors, as they should be. However, it is also crucial to understand the potential domino effect of social problems, climate change, civil unrest, shootings and crime, medical epidemics or pandemics, geopolitical tensions, etc., and how this can affect or disrupt business.

Some of the main findings of the OnSolve report include:

A massive increase in shootings and crime. Reported shootings increased by 250% between 2020 and 2021, while the number of reported mass shootings increased by 217%. Overall, over 65,000 criminal incidents were reported in the first half of 2022 in the United States alone.

Climate change can cripple businesses. Extreme weather events and natural disasters increased by 47% in 2021. All categories of extreme weather or natural disasters, including blizzards, tornadoes and wildfires, increased significantly year over year. ‘other. Global floods are becoming a greater threat year over year in regions where floods have not traditionally occurred, such as Brazil (+400%), Germany (+500%) and Belgium (+420%).

The global infrastructure is weakening. Transportation accidents have increased dramatically, with continued supply chain disruption likely. Transport accidents increased by more than 100% between 2020 and 2021. The analysis includes road (+168%), rail (+91%), air (+52%) and maritime (+30%) accidents. ), all of which have increased in frequency year after year.

Protests and civil unrest are on the rise, threatening business operations. Protests exploded in 2020 and increased slightly again from 2020 to 2021 (+4%). Organizations must prepare for rising civil unrest as polarizing events continue to unfold in the United States.

be ready

“We operate in a world where crises happen every day and most CEOs don’t look beyond the pandemic to realize the biggest threats to their businesses,” OnSolve CEO Mark Herrington said in a statement. press release for the report. “Risk management has become more difficult as physical threats have a ripple effect throughout an organization. Business leaders must be prepared for emerging threats such as extreme weather, crime, civil unrest and shootings, which can interrupt business operations and disrupt the wider supply chain and the global economy with unprecedented intensity.

Have you considered how these factors and events may interrupt the flow of materials or information you need to conduct your business? Do you have a plan to maintain normal business operations following an earthquake, hurricane, flood, or other natural disaster? You should.

Everyone knows the motto of the Scouts, “Be Prepared”. Proper planning, training and preparation, coupled with proactive intelligence, enables businesses to be prepared and take action when necessary.

Aubrey L. Morgan