4 types of billion-dollar weather events tested supply chains in 2020Everstream Team
The COVID-19 pandemic took center stage for supply chains in 2020, but it was far from the only risk event.
Last year set a record of 22 weather and climate disaster events, each costing at least $1 billion, according to the National Centers for Environmental Information. The previous record for billion-dollar events in a year was 16, in 2017 and 2011. The costs of 22 events of 2020 combined exceeded $96 billion in damages.