A World of Rising Risk Leaves Organizations Exposed
- Organizations lose an average of $45M annually due to extreme weather and other catastrophic hazards.
- Energy, Aerospace & Defense and Government organizations lose even more – between $46M to $49M.
- The average company only assesses half (56%) of its critical suppliers for risk. Only 7% of companies continuously monitor the critical suppliers they do assess.
- Monitoring Saves Costs and Time Organizations report more disruptions from sub-tier suppliers (Tiers 2 and 3), than from direct suppliers (Tier 1).
- Companies say reacting to incidents faster could save them $37M each year.
- 96% of organizations would not be aware within 48 hours of a catastrophic event impacting their sub-tier suppliers.
Interos’ Catastrophic Risk Visibility technology saves lives and protects supply chains.
Use forward-looking insights to make better decisions and safeguard your organization. Learn more at Interos.ai.
