Year: 2023 Language: english Author: ICS Publisher: Internatinoal Chamber of Shipping (ICS) Format: PDF Quality: eBook Pages count: 27 Description: Over the past year, maritime has proven its ability to maintain trade despite ongoing post-pandemic challenges, and concerns have shifted towards growing global instability, as well as wider societal trends, including a greater focus on decarbonisation and sustainable business practices. Maritime leaders’ assessments of risk levels for industry factors (ranging from political and supply chain instability to barriers to trade) and their confidence to manage these factors have demonstrated just how much the operating landscape has changed over the past year. Top risks identified were political instability, financial instability and cyber-attacks – a full switch from 2021 when we undertook a pilot survey, when epidemics, supply chain fragility and trade barriers were the key concerns. As financial and political risk has risen, particularly due to the ongoing conflict in Ukraine, so too have concerns about companies’ capabilities to manage such issues. A key takeaway for this year is that although some risks hold the potential to have a serious impact on operations, maritime leaders have high confidence in the industry’s abilities to manage these situations. This is the case with both geopolitical and macro-economic events which though disruptive, can be handled well with adequate planning – particularly in situations where there is sufficient information available about the impact of these events.
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ICS Maritime Barometer Report 2022-2023
Language: english
Author: ICS
Publisher: Internatinoal Chamber of Shipping (ICS)
Format: PDF
Quality: eBook
Pages count: 27
Description: Over the past year, maritime has proven its ability to maintain trade despite ongoing post-pandemic challenges, and concerns have shifted towards growing global instability, as well as wider societal trends, including a greater focus on decarbonisation and sustainable business practices. Maritime leaders’ assessments of risk levels for industry factors (ranging from political and supply chain instability to barriers to trade) and their confidence to manage these factors have demonstrated just how much the operating landscape has changed over the past year.
Top risks identified were political instability, financial instability and cyber-attacks – a full switch from 2021 when we undertook a pilot survey, when epidemics, supply chain fragility and trade barriers were the key concerns. As financial and political risk has risen, particularly due to the ongoing conflict in Ukraine, so too have concerns about companies’ capabilities to manage such issues. A key takeaway for this year is that although some risks hold the potential to have a serious impact on operations, maritime leaders have high confidence in the industry’s abilities to manage these situations. This is the case with both geopolitical and macro-economic events which though disruptive, can be handled well with adequate planning – particularly in situations where there is sufficient information available about the impact of
these events.
Contents
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ICS-Barometer-2022-2023-updated.pdf
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