In its annual “Event & Disaster Report,” risk intelligence platform provider Adapt Ready has shed light on the transformative impact of both man-made and natural catastrophes on global supply chains and the energy sector throughout 2023.
The comprehensive report offers an economic overview of major global events in 2023, delving into the ramifications for various sectors.
Detailed case studies explore the enduring repercussions of the Russia/Ukraine conflict and the year’s most costly natural disasters, including Hurricane Idalia, Canadian wildfires, Typhoon Doksuri, and the earthquake affecting Turkey and Syria.
Among the sectors most severely affected in 2023 were automotive, construction, energy, and chemicals, with infrastructure taking the hardest hit, incurring economic losses surpassing $151 billion USD.
Ukraine, in particular, bore the brunt of infrastructure losses, with over 27,000 kilometers of roads damaged.
The report highlights the vulnerability introduced by increased global interconnectivity,…
