Losses may be covered under general property insurance policies. The size and duration of these events can be unpredictable, making it hard to put alternative plans in place with sufficient speed. Loss of communications, travel hazards and general time delays can occur due to unrest, with the result that if a company does not have operations in affected regions, transportation through them can be delayed and cargo damaged or destroyed. Impact on your supply chain - Civil protests and riots have led to supply chain disruptions.While it may never be needed, it could save your company’s reputation and protect your employees from potential harm. The plan should be tested and updated regularly and continually revised to take account of changing circumstances. However, investing time in preparing a crisis communication plan is imperative. Impact on brand and reputation - Predicting the occurrence and nature of political and social disruptions is nearly impossible.Civil unrest can happen anywhere at any time and to be prepared for the unpredictable, employers should take action to implement policies and have plans in place, such as building evacuation or internal evacuation, or “invacuation,” and transport plans that are part of much wider business continuity planning. Impact on people - While business continuity experts should be able to handle crises in the workplace, demonstrations outside are harder to control but can have an equally dramatic effect on employees.Large corporations also reported that the protests had similarly impacted parts of their businesses that were exposed to the French tourism sector. Citing a loss of attraction in France, a Franco-Dutch air carrier reported losses of €15m due to cancellation in bookings arising from the protests and the publicity given to them. Loss of attraction - Politically unstable conditions can result in a public reluctance to travel to a country.A large consumer electronics and household appliances retailer reported a loss in sales of around €45m in France and Belgium due to closing retail outlets within or with close to areas of protest and public disturbance. Where there has been law-breaking and significant disorder, the organization may stay closed due to damage or ongoing police investigations.News media have reported that businesses in many of the French city centers have seen revenue fall by 20% to 40% and businesses submitted more than 1,600 loss claims, with over $100 million being paid for damages attributed to violence and looting where demonstrations and rioting have occurred. Loss of access - Many organizations may lose access to their premises either due to a protest or as a safety measure during the protest.Most recently we have seen clashes in India with political supporters fighting during campaign rallies with attendant loss of life.Ĭompanies should be aware of how these seemingly remote and disparate events could affect them, and should pay particular attention to five key areas: Tens of thousands took the streets in Brazil to protest against government cuts and spending freezes, and the ongoing issues in Venezuela have led to continued nationwide protests. There has also been widespread unrest in a number of Latin American and Southeast Asian countries. But this situation is not confined to one geography. Although levels of participation have reduced, the protests continue and could transform the risk exposure of companies operating in France.ĭomestic disputes such as the Yellow Jackets, similar protests in Albania and Spain, as well as disagreements between European governments illustrate the continuing levels of uncertainty across Europe. Their fury was against a government perceived to be elitist and out of touch. This movement had started back in November 2018, with large numbers of citizens claiming to be non-political and demanding specific aims, such as a reduction in vehicle fuel prices. French leader believed the Italian government was attempting to influence French domestic politics, especially after the leader of one of Italy’s ruling coalition parties publicly met with representatives of the Gilets Jaunes (Yellow Jacket) protest movement. In early February 2019, France recalled its ambassador to Italy for consultations.
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