Latest edition of AGCS corporate risk publication examines crisis management scenarios including product recalls, political risks and what happens when a music festival is delayed or has to be cancelled.
Unmanned aerial vehicles (UAVs) are fast becoming a multi-billion dollar business. However, the rise of such innovative technology also brings a number of risk and liability challenges.
Flooding represents a significant risk for businesses. As well as causing property damage, it can disrupt operations. The key to minimizing losses is adequate preparation.
PRESS RELEASE - 2. December 2015
Crisis management scenarios can arise from many different sources. Whether it is an interruption to the ever-expanding global supply chain, a problem relating to a product's safety, the threat of terrorism or political violence in a country where employees are located or even the unexpected interruption of a music festival, all have one thing in common: companies increasingly have to manage issues outside of their comfort zone.
In today's world of fast and viral communication, a company's reputation or brand can be quickly impacted if it does not respond appropriately to a crisis situation, even if that crisis is not of its own making. Speed of response can be a decisive factor but pre-event planning and scenario testing is also crucial. Insurance and crisis management services can have a pivotal role to play in mitigating the impact of such events.
The latest issue of AGCS' biannual Global Risk Dialogue magazine, looks at how companies can best respond to such challenges.
Selected articles from the latest issue of Global Risk Dialogue
> Product recall - dealing with danger in the digital age
When a product's safety comes into question, time is everything - particularly in the age of social media. Decisions need to be made quickly, but ill-judged ones can add cost and damage a company's reputation...
> Political risks - hotspots and risk intelligence
Five years on from the events of the Arab Spring, the political environment around the world continues to be volatile. More countries are experiencing situations which can pose huge challenges for companies' staff and assets...
> Live events risks
Live concerts and festivals are increasingly elaborate productions, generating enormous amounts of revenue. Accidents, cancellations and delays can seriously challenge the bottom line. Risk management ensures the show can go on...
> UAVs - risk and liability challenges
Unmanned aerial vehicles (UAVs) or drones, as they are more commonly known, are increasingly operating in everyday life. The UAV industry is fast becoming a multi-billion dollar business. However, the rise of such innovative technology also brings a number of risk and liability challenges...
> Flood risk – Faurecia
Flooding represents a significant risk for businesses like Faurecia, one of the world's largest automotive equipment suppliers. As well as having the potential to produce significant property damage, it can disrupt operations. The key to minimizing losses is adequate preparation before the event.
To view the full issue of Global Risk Dialogue in one of three languages, see below
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