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Economic Slowdown / Slow Recovery
Despite a fast economic rebound from the initial depths of the pandemic, uncertainty, fueled by inflation, rising interest rates and bank closures, still reigns.
The transportation and logistics industry faces an increasingly wide range of dynamic risk and human capital issues. These include long-standing challenges, such as effective claims administration, managing compliance, fleet safety and regulatory needs, hitting talent acquisition and retention targets and navigating supply chain disruptions.
However, new threats and opportunities are beginning to take center stage. Cyber attacks, data breaches, disruptive technologies, and political risk mean businesses across the industry must invest in new technologies and ways of working to manage volatility and build resilient operations and workforces.
At Aon, our teams have deep experience across all major segments of the transportation and logistics industry, and we partner with clients to identify, quantify and manage their risk exposure, while also designing and implementing sustainable benefit, retirement and talent programs to improve employee engagement, health and wellbeing.
Looking ahead to 2024, predicted risks for the transportation and logistics industry include:
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