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The increasing number of natural disasters is causing irreversible societal damage to communities, and creating extremely high costs for utilities companies. Industry leaders are looking for ways to proactively invest in infrastructure to minimize exposure to threats while enhancing long-term value to communities and shareholders. In “Managing risk to building resilience,” Arun Mani, Jonathan White, and Paul McGregor explain how companies are able to align resources to effectively manage risks and build a resilient organization through a five-step approach.
We have become all too familiar with natural disasters in the last few years. Whether they are the 2018 California wildfires that threatened the very existence of communities or the devastating hurricanes of 2017 such as Maria that killed nearly 3,000 people and caused almost $80 billion in economic damage to Puerto Rico, such disasters pose a rising threat to the resilience of utility assets. To read the rest of the article, click here.