4 types of billion-dollar weather events tested supply chains in 2020

4 types of billion-dollar weather events tested supply chains in 2020

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.

tropical storm season

Share this post

GermanSupplyChainLawHB

Webinar

Are you ready for the new German supply chain law?

By 2023, a new law ‘Lieferkettengesetz‘, will come into effect, requiring German companies to ensure that human rights and environmental regulations are respected throughout their supply chains. Join the webinar on Thursday, June 24 at 4 PM CET, to learn about companies’ obligations for their own operations as well as those of their suppliers.

Note: The webinar will be in German language only.