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Commodity Price Risk / Scarcity of MaterialsThe global commodity market continues to suffer from wild mood swings following the pandemic.
Industry Overview
Industrials and Manufacturing
Transforming to Address Both Old and New Challenges
As global demand for goods surged following the initial shock of the pandemic, businesses across the industrials and manufacturing industry struggled to keep up due to materials shortages, supply chain failures, and challenges in attracting and retaining key talent. Against this backdrop, managing inventory was near-impossible at times, with cost fluctuations, rising cyber threats and geopolitical uncertainty compounding issues.
To move forward with clarity and confidence, companies across the sector must adopt more holistic risk management and workforce strategies that cover both physical and human assets, take into account expanding environmental, social and governance (ESG) expectations, and reflect the industry’s rapidly rising insurance needs.
At Aon, our teams have deep experience across all segments of the industrials and manufacturing industry—including advanced manufacturing, aerospace and defense, automotive, and heavy industry firms—and we partner with these clients to provide both catastrophic risk and daily cost-of-risk management, implement novel risk transfer solutions by harnessing powerful modeling tools, and build dynamic and resilient workforces.
Top 5 Future Risks
Looking ahead to 2024, predicted risks for the industrials and manufacturing industry include:
Report
Participate in Aon’s 2023 Global Risk Management Survey
Our next Global Risk Management Survey is here. Join in and share your perspective on the most important risks impacting your business, industry, and region. Click the link below to take part and receive a benchmarking report if you complete the survey.
Cyber Labs
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Environmental, Social and Governance Insights
Explore Aon's latest environmental social and governance (ESG) insights.
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Why ESG Is Even More Important In A Crisis Like COVID-19
Insights for HR
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Navigating Volatility
How do businesses navigate their way through new forms of volatility and make decisions that protect and grow their organizations?
Industry Insights
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A buyer-friendly Cyber and E&O market is quickly emerging. Learn more about the changing global market and how to capitalize on it.
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A ROSI framework allows businesses to link risk, security and insurance to help manage cyber exposure and increase cyber resilience.
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