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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
Natural Resources
Evolving to Meet Urgent Challenges and New Expectations
Mounting geopolitical and societal pressure to tackle climate change weighs heavily on the natural resources industry, impacting all facets of strategy. Across the industry, organizations seek technical advances to support our transition to carbon neutrality, all while competing fiercely to attract and retain the talent required to make breakthroughs possible. Meanwhile, traditional concerns, including cyber, operational, and reputational risks remain as pertinent as ever.
In this environment, companies must adopt holistic risk management and workforce frameworks 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 natural resources industry—including alternative energy, chemicals, distribution, mining, oil and gas, power generation, renewables, and utilities. We leverage our understanding of the unique risks you face to conduct risk assessments, implement novel risk transfer solutions, provide claims advocacy, deliver tailored insurance programs to address evolving environmental liabilities, manage supply chain disruptions, support regulatory compliance, and build dynamic and resilient workforces.
Top 5 Future Risks
Looking ahead to 2024, predicted risks for the natural resources 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
Stay in the loop on today's most pressing cyber security matters.
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Managing Cyber Risk through Return on Security Investment -
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Top 5 Cyber Threats To Mergers and Acquisitions -
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Resisting Cyber Attacks Through Layered Security Systems
Environmental, Social and Governance Insights
Explore Aon's latest environmental social and governance (ESG) insights.
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ESG Data: How Businesses Can Use Data to Gain an Edge -
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Why ESG Is Even More Important In A Crisis Like COVID-19
Insights for HR
Explore our hand-picked insights for human resources professionals.
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COVID-19 has Permanently Changed the Way We Think About Wellbeing -
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DE&I in Benefits Plans: A Global Perspective -
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Building a Resilient Workforce That Steers Organizational Success | An Outlook Across Industries
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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In a constantly evolving business landscape, talent assessments can help organizations understand current and future skills gaps in their workforces.
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Remote work, the need for new skills and the rise of AI are pushing employers to rethink workforce resilience.
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Wellbeing strategy, once seen as a luxury, is now a vital part of a company’s overall strategy. Integrating wellbeing into other areas of company is the next step forward.
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Building a Resilient Workforce That Steers Organizational Success | An Outlook Across Industries
Protecting and sustaining businesses in food, agribusiness and beverage, financial institutions, life sciences and renewables require a resilient workforce. Organizations must consider the skills, capabilities, agility and wellbeing of their people to achieve a productive and healthy workforce.
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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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Managing Cyber Risk through Return on Security Investment
A ROSI framework allows businesses to link risk, security and insurance to help manage cyber exposure and increase cyber resilience.
