Respondents from this industry indicated they were under pressure due to a drop in customer demand, but over a quarter of respondents said they did not see a supply chain issue, likely because of a more robust risk plan. Such a plan will be important with risks compounding in the future; geopolitical tension tops the list of future shocks for transportation and logistics companies, in particular administration changes around the globe and the shortening of supply chains is causing uncertainty for the industry.
Economic disruption remains a key concern for the sector, despite elements of it benefitting from the so-called death of the high street and an apparent shift in consumer behavior. Whether this is a shift for good will become more evident over the coming year.
Overall, risk management will continue to be critical for this high-risk industry. While digital technology and automation will address some of this risk, it will also bring new exposure to cyber risk.
Full results
Transportation and Logistics
Future Shocks
1. Geopolitical tension
2. Economic disruption
3. Another health crisis / pandemic
4. Business model disruption
5. A major cyber event
24%
16%
4%
4%
45%
6%
Impact Severity
Our business has been severely impacted and our ongoing viability is uncertain
Our business has been severely impacted and will take significant time to recover
Our business has been impacted, but we are unsure of the long-term impact
Our business has been impacted, but has been resilient
Our business has remained steady during COVID-19 with little impact
Our business has thrived during COVID-19