APAC, the world’s most disaster-prone region, experienced major disasters in 2022 with floods being the deadliest accounting for 74.4% of disaster events in the region and 88.4% of total deaths globally.
Consumers now attach greater importance to factors such as local production, climate protection, and fair working conditions, forcing manufacturers to act, according to a new survey by Oliver Wyman and GFU Maschinenbau GmbH.
One of the biggest supply chain risks of 2023 is the worsening of the global semiconductor shortage, according to a new survey.
With continued investment in fossil fuels, over 40% of the glacial mass will be gone and over 80% of glaciers by number could well disappear by 2100, according to new research by a team of Carnegie Mellon University in the US. At present world has around 215,000 glaciers.
Over a third of insurance industry said inflation will be their biggest challenge in 2023. A new poll conducted by GlobalData revealed that inflation ranks several notches ahead of challenges like climate change, digitalisation, regulation, COVID-19 and geopolitics.
Japan will release more than a million tonnes of water into the sea this year from the destroyed Fukushima nuclear power plant.
Every dollar spent on pre-disaster risk reductions saves between $6 and $13 in damages, however, 88% of disaster management funds are allocated to post-event response.