WEBVTT

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Assets are damaged,
and revenues are declining.

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And on the other side,
there's the opportunity side because

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someone has to provide the products and
the services.

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They have to provide solutions for more
adaptiveness and more resilience.

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Thank you all so much for being here.

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Fiona, let's start with you.

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Let's talk about physical risk.

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Why is this such an important topic for
companies?

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So the physical environment is changing.

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And whether we like it or not,
that means that the operating environment

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that companies are working into,
that they're engaging with their

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suppliers, is changing too.

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And so what we need to do is to develop
new ways of working so that they can

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better understand, better measure,
better manage,

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and better respond to those physical
risks to drive resilience.

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And that resilience is so important
because it's a foundation of the system

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that we operate in.

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Fabio, this question is for you,
what are some of the biggest challenges

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companies are facing?

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So we interviewed the 35 companies in our
project.

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I do have many challenges

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in my mind,
I will list just the three of them.

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So the first one is really about data
reliability.

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So companies struggle in finding data
about their value chains and the critical

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spots in the value chain to look at while
also find the criticalities in physical

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risk probability and impact.

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The second will be more about the
translation of physical events into

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financial impact that is needed,
of course,

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I mean to communicate and to make
stakeholders understand the importance of

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handling the physical impact.

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And the third one will be around
governance.

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So, at the moment,
this topic is mostly handled by

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sustainability, while risk, finance,
procurement should also collaborate and

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make sure that physical risk affecting
value chains are currently managed.

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Annika,
what is the business case for

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mobilization?

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The business case is very clear for me.

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I see it from two perspectives.

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There's value address.

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Companies are hit by disasters happening
around the world.

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Intensity and frequency is increasing,
and they are losing, Assets are damaged,

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and revenues are declining.

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And on the other side,
there's the opportunity side because

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someone has to provide the products and
the services.

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They have to provide solutions for more
adaptiveness and more resilience.

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And hence,
they can also participate in a growing

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market.

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Thank you so much.

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Thank you.