Capital Equipment News August 2024

FREIGHT RISKS

Top 10 risks facing the transportation and logistics sector

A on’s latest ‘Global Risk Management Survey’ with cyber-attack or data breach and economic slowdown or slow recovery as their two most critical risks. The top 10 risks facing the global transportation and logistics are ranked as follows: • Cyber attack or data breach • Economic slowdown or slow recovery • Supply chain or distribution failure • Regulatory or legislative changes • Failure to attract or retain top talent • Property damage • Failure to innovate or meet customer needs The variations in the risks in the top highlights the top risks that transportation and logistics industry respondents ranked, • Business interruption • Increasing competition • Workforce shortage

The transportation and logistics industry has been battling the operational and commercial fallout of multiple global crises, including the COVID-19 pandemic and geopolitical conflicts. Because of the industry’s significance for the global economy, risks and challenges facing the industry will continue to receive scrutiny. Russell Davis, Property Manger - Aon broking centre at Aon South Africa, gives his opinion.

Each of these top 10 risks has tremendous significance for the transport and logistics industry, particularly given the ripple effect they have in a market environment where risks are increasingly interconnected and complex.

Russell Davis, Property Manager – Aon broking centre at Aon South Africa.

TALKING POINT

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CAPITAL EQUIPMENT NEWS AUGUST 2024