As natural disaster threats around the world increase, so do risks to businesses’ customers, supplies
Exposure to disaster risk is increasing in Miami and other port cities “owing to economic and urban growth … sea-level rise and climate change … Estimated exposure to economic assets is expected to increase from $416 billion in Miami in 2005 to $3.5 trillion in 2070,” according to UNISDR's 'Global Assessment Report on Disaster Risk Reduction', reports The Miami Herald.
“In order to plan for natural disasters, there are different categories,” said Gregory Greene, executive vice president and chief administrative officer of Ryder. “You have to know what’s coming … and then there’s stuff like the tsunami that nobody saw coming. So we kind of changed our mindset about it, knowing events can be big and we might not even see them on the radar screen."