RETAIL AND TRANSPORT SECTORS FACE HIGHER RISK OF TERRORIST ATTACK IN 2014
Early last week it was reported that AON Risk Solutions has rated the retail and transportation sectors those at the highest risk for terrorism. AON is a global provider of risk management insurance and human resources solutions. AON’s 2014 Terrorism and Political Violence Map analyzed attacks in the business sector and found 33% of terrorist attacks affect the retail sector globally, including public markets, which are not as prevalent in the United States but have been the location of attacks globally. This assessment is important for US retailers both at home and abroad as countries like Turkey, Bangladesh, Japan and Mozambique saw a marked rise in civil unrest and risk. This increase is largely attributed to low wages and poor working conditions in the garment industry, which impacts much of the global retail sector.