A look at key issues the technology and communication industry faces and how the industry is managing those risks.

Author: Damion Walker

null

The technology and telecommunications industry thrived throughout the COVID-19 pandemic, despite the massive headwinds and unprecedented consumer demands faced during the global crisis.

Now the industry must face the residual challenges from that success, as well as those connected to an ever-evolving global economic landscape. Looking forward to 2023, the technology and telecommunication industry faces a number of significant challenges. We have identified 17 key issues — ranging from microeconomic/global, to technology-driven matters, to concerns more specific and unique to the industry.

Supply chain disruptions, technology — driven disruption, rapidly changing consumer expectations, recession-driven cost and competitive pressures, unprecedented regulatory change, risks associated with expansion in emerging markets, increased social demands on environmental sustainability and increased economic uncertainty are just a few issues we identified.

View the whitepaper for a look at key issues facing the industry and some of the risk measures — both insurable and not insurable — the industry is taking to combat these new and evolving risks.

View Now

Author Information


Disclaimer

Gallagher provides insurance, risk management and consultation services for our clients in response to both known and unknown risk exposures. When providing analysis and recommendations regarding potential insurance coverage, potential claims and/or operational strategy in response to national emergencies (including health crises), we do so from an insurance/risk management perspective, and offer broad information about risk mitigation, loss control strategy and potential claim exposures. We have prepared this commentary and other news alerts for general informational purposes only and the material is not intended to be, nor should it be interpreted as, legal or client-specific risk management advice. General insurance descriptions contained herein do not include complete insurance policy definitions, terms and/or conditions, and should not be relied on for coverage interpretation. The information may not include current governmental or insurance developments, is provided without knowledge of the individual recipient's industry or specific business or coverage circumstances, and in no way reflects or promises to provide insurance coverage outcomes that only insurance carriers control.

Gallagher publications may contain links to non-Gallagher websites that are created and controlled by other organizations. We claim no responsibility for the content of any linked website, or any link contained therein. The inclusion of any link does not imply endorsement by Gallagher, as we have no responsibility for information referenced in material owned and controlled by other parties. Gallagher strongly encourages you to review any separate terms of use and privacy policies governing use of these third party websites and resources.

Insurance brokerage and related services provided by Arthur J. Gallagher Risk Management Services, LLC. (License Nos. 100292093 and/or 0D69293).

© 2023 Arthur J. Gallagher & Co. GGB43725