The Asia-Pacific region has been developing incredibly fast economically and is expected to remain so in the coming years. However, the threats of critical infrastructure failure and shortfall is a significant long-term threat to its continual development.
Businesses and individuals often suffer from poor connectivity, prolonged traffic congestions, power outages or overload, and frequent breakdowns. Population growth, climate change and extreme weather events, and growing cyber dependency in the region will further exacerbate the shortage of resilient infrastructure while exposing the vulnerability of aging and outdated infrastructure. Businesses operating in the region need to adapt accordingly or they could face worsening operational disruptions and may even become less competitive in the long run.
Efforts to improve an organization’s resilience to risks of critical infrastructure failure and shortfall must start from a clear understanding of the risk landscape in the region and how it is evolving. An extension of our 2018 edition of the Evolving Risk Concerns in Asia-Pacific volume 3, this risk-in-focus report provides insights regarding the critical infrastructure landscape for businesses operating in Asia-Pacific, and explores how businesses can better respond to the threat of critical infrastructure failure and shortfall more effectively going forward.