In 2020 alone, severe weather in the U.S. accounted for $99 billion in economic losses, with a record number of billion-dollar weather events. Severe weather is one of the biggest disruptors to business operations and financial performance, impacting 70% of businesses worldwide, and it is only expected to increase due to climate change.
While it is not possible to avoid severe weather, how an organization responds before, during and after each event will determine the overall impacts of an event, including the safety of employees, protection of physical assets and whether the business is able to maintain operations. While each business has specific needs, one key tool all businesses should implement is the tabletop drill.