How Inflation, Supply Chain, Energy Costs And Property Valuations Amplify Hurricane Risk

The ability to prepare, respond and recover from a disruptive event, like a hurricane, may be correlated to a company’s bottom line and their business resiliency.

According to weather experts, an above average hurricane season is expected in 2022 with at least 19 named storms and nine hurricanes -- four of which may be Category 3 or higher.

With National Hurricane Preparedness week underway, now is the time to take a closer look at how increased hurricane activity and current global conditions may broaden the following risks for many companies during the 2022 hurricane season.

As of April 2022, inflation was up 8.5%, a 40-year high. While many business owners have noticed an increase in pricing on a wide variety of raw materials and other goods, it is important to consider the impact of concurrent increases along the supply chain because of the interplay between foreign disruptions, increased demand and decreased supply.

The labor force, still in disarray from the wide-reaching impacts of the COVID-19 pandemic, is now feeling the broad sting of inflationary pressures as well.