Mitigating health, safety and security risks for work-related international travel and assignments.
Business travel remains important to the operation and growth of many companies, from the CEO who flies to a business centre to negotiate a new contract to the engineer with a box of sophisticated tools repairs specialist equipment. Managing the risks that could damage the success of their travels is part of enterprise risk management and an important element of fulfilling the company’s responsibility for the welfare of its employees, its duty of care.
According to the 2017 Global CEO Outlook survey, almost half of big company CEOs are reassessing their global footprint in response to the changing pace of globalization and protectionism. CEOs’ strategic priorities include increasing penetration in existing markets and expanding into new geographical markets over the medium term.
Expanding geographies, particularly into emerging markets, coupled with developed world expectations around risk management and compliance creates a need for a different approach to global mobility operations and increases the risks associated with a mobile workforce. All of this must be considered in the context of reputation and brand protection being of paramount importance to global CEOs.
While action needs to be taken to address these risks, this also presents an opportunity to disrupt the traditional approaches to managing mobility, many of which bear little distinction from those approaches in place decades ago. We hope that you enjoy our comments throughout this paper on the way that companies may be able to take advantage of this period of change.
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