COVID-19 demonstrates the catastrophe that occurs when we fail to prepare for known risks. Learning from the pandemic will ready your business for the bigger challenge: climate change.
For years, the WHO warned of the risk of a serious pandemic, but businesses and governments failed to prepare. Now the world economy is reeling. In a report for KPMG, Simon Weaver, Bridget Beals and Liz Harrowell examine the reasons for this lack of preparedness, and suggest ways to apply the lessons of COVID-19 to help mitigate the economic risks of climate change.
Why businesses are underprepared
There are four key reasons why businesses were underprepared for the onslaught of COVID-19: