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FinancialInstitutions2025RiskIndex1NavigatingriskinthetransportationsectorWillisTowersWatsonTransportationRiskIndex2016FinancialInstitutions2025RiWillisTowersWatsonisaleadingglobaladvisory,brokingandsolutionscompanythathelpsclientsaroundtheworldturnriskintoapathforgrowth.Withrootsdatingto1828,WillisTowersWatsonhas39,000employeesinmorethan120countries.Wedesignanddeliversolutionsthatmanagerisk,optimizebenefits,cultivatetalent,andexpandthepowerofcapitaltoprotectandstrengtheninstitutionsandindividuals.Ouruniqueperspectiveallowsustoseethecriticalintersectionsbetweentalent,assetsandideas—thedynamicformulathatdrivesbusinessperformance.Together,weunlockpotential.Learnmoreatwillistowerswatson.com.Someinformationcontainedinthisdocumentmaybecompiledfromthird-partysourcesweconsidertobereliable.However,wedonotguaranteeandarenotresponsiblefortheaccuracyofsuch.TheviewsexpressedinthisdocumentarenotnecessarilythoseofWillisTowersWatson.WillisTowersWatsonacceptsnoresponsibilityforthecontentorqualityofanythird-partywebsitesorpublicationstowhichwerefer.Thispublicationandallofthematerial,dataandcontentscontainedhereinareforgeneralinformationalpurposesonly,arenotpresentedforpurposesofreliance,anddonotconstituteriskmanagementadvice,legaladvice,taxadvice,investmentadviceoranyotherformofprofessionaladvice.Thisdocumentisforgeneraldiscussionand/orguidanceonly,isnotintendedtobereliedupon,andactionbasedonorinconnectionwithanythingcontainedhereinshouldnotbetakenwithoutfirstobtainingspecificadvicefromasuitablyqualifiedprofessional.Published:September2016ThispublicationwasproducedbyWillisTowersWatsonincollaborationwithRaconteur.Raconteurisapublishinghouseandbrandpublishingagency.RaconteurproducesspecialreportsforTheTimesandTheSundayTimes,aswellascontentmarketingsolutionsforbrandsandbespokemarketresearch.Raconteurcombinespremiumeditorial,analysis,andgraphicdesignwithacommitmenttohigh-qualityexecutionsinprintandonlineacrossallofitsservices.Ourcontentinforms,inspires,andinfluencesthoughtleadersworldwide.Formoreinformation,pleasevisitwww.raconteur.net3WelcometoWillisTowersWatson'sTransportationRiskIndex,aboardroomviewofourindustryasseenby350seniorexecutivesfromacrosstheglobe.InsightsfromtheIndex–andthereactionsoftheexecutivestoitsfindings–havereinforcedouropinionthatthosetransportationcompanieswhoapproachriskstrategicallyopenupaworldofopportunity.Risk,resilience,reputation,andreturnareinextricablylinkedintoday'sconnectedworld.Fromthemacroperspective,companiesacrossthetransportationsectorarelookingfortrustedadvisorstohelpthemassessthreekeyareas:howtheirapproachtoriskcomparestotheirpeershowtoidentifyanddefendagainstemergingriskshowtakingastrategicapproachtoriskcanunlockopportunitiestogainacompetitiveadvantageTimesarechangingThisreport'skeythemesweaveacommonthread:therisksthatcorporatesfacenowandinthefuturearefundamentallydifferentfromtherisksofyesterday.Risksarenotalwaystangible,noraretheyalwaysphysical.Theycanbemultifaceted,all-encompassingand,often,elusive.Theresponsibilityof"riskmanagerinchief"hasrisenupthemodernorganizationalhierarchysimplybecausethetaskismoredemandingthanever.Nolongerisitasupplementaryroleorcorporateafterthought.Thecostoffailurehasrisensharplyandinlinewiththerewardsforsuccess.Whileproactiverisk-mitigationstrategiesremaincentraltocorporateresilience,preparedness,andresponsearenowjusta...