New OnSolve threat report highlights the growing risk to businesses from increasing social unrest
- Published: Wednesday, 31 August 2022 07:28
OnSolve has published a new report, ‘CEO Brief: Global Risk Impact Report’. The report identifies trending physical threats worldwide which can halt the global economy and impact businesses directly.
The Global Risk Impact Report analyzes over 14 million events that occurred between 2020 and 2022, across 159 countries where mainstream businesses and governments operate.
As many leaders focus on post-pandemic recovery, OnSolve's research outlines significant increases in rising threats and gives business leaders actionable steps to mitigate the next disaster.
Most notably, the report uncovers how social issues, including climate change, shootings, and civil unrest, will disrupt business operations worldwide if unaddressed, demonstrating the importance of adopting an organizational resilience plan. Key findings of OnSolve's report include:
A massive increase in shootings and crime. Reported shootings increased by 250 percent from 2020 to 2021, while the number of reported mass shootings spiked by 217 percent over the same period. Overall, there have been over 65,000 crime incidents reported in the first half of 2022 in the US alone.
Climate change can cripple businesses. Extreme weather and natural disaster events were up 47 percent in 2021, compared to 2020. Every category of extreme weather or natural disaster, including blizzards, tornados, and wildfires significantly increased year-over-year since 2020. Floods detected in Brazil increased 400 percent from 2021 to the first three months of 2022. Floods detected in Germany increased by 500 percent from 2020 to 2021, and in Belgium they jumped 420 percent for the same period.
Global infrastructure is weakening. Transportation accidents surged dramatically, with continued supply chain disruption likely. Transportation accidents increased by more than 100 percent from 2020 to 2021. The analysis includes road (+168 percent), railway (+91 percent), aircraft (+52 percent), and maritime (+30 percent) accidents, which all rose in frequency on average from 2020 to 2021.
Protests and civil unrest are on the rise, threatening business operations. Protests skyrocketed in 2020, And while the report data shows it slightly increased from 2020 to 2021 (+4 percent), organizations must brace for rising civil unrest as polarizing events continue to occur across the United States.
The report analyzes the dynamic nature of risk and the cascading impact it can have on organizations that are not properly prepared to navigate such challenges.