The 33rd annual report examines the year's crisis news and
identifies emerging trends of concern to business leaders.
SOUTH
BEND, Ind., Aug. 1, 2024
/PRNewswire/ -- Crisis news story statistics continued their
post-pandemic shuffle with some surprises revealed in the 2023
numbers. The Institute for Crisis Management®
(ICM) tallied 1,977,722 crisis news stories in 2023, a
decrease of about nine percent over 2022 in a retreat towards
pre-pandemic story numbers.
The 2023 ICM Annual Crisis Report is a compilation of
news, trends and highlights of business crises, giving leaders
valuable insight into the impact crises have on the organization
and its stakeholders. According to the report, news items about
catastrophes reclaimed the top spot at 26%, followed by
white-collar crime and class actions at 11% each. At the bottom of
the list were casualty accidents at 0.28% and environmental damage
at 0.47%.
"COVID-19 stories continued to make some headlines, but not
nearly to the extent of the previous three years. The volume of
sudden versus smoldering crisis stories migrated back toward the
2020 levels with a nearly 50/50 split. Just five of the 16
categories ICM tracks had a lower result than the previous year:
casualty accidents, consumerism/activism, executive dismissals,
sexual harassment and whistleblowers," noted Deborah Hileman, ICM's CEO.
Hileman urges leaders to invest in comprehensive crisis
management and communication planning and training to prepare,
prevent and mitigate the kinds of crises that impact an
organization's reputation, brand, business and financial
performance. " The investment in preparedness is small compared to
the cost of failure to manage crisis effectively," she said.
About the ICM Annual Crisis Report
ICM was founded with the principle that research is a vital
underpinning to effective crisis management and communication. The
firm has been producing this annual report since its founding in
1990. The report is a popular tool with professionals ranging from
executives to academics, and has been cited in numerous reports,
articles and white papers over the years.
Visit the ICM website at https://crisisconsultant.com for a
free report download and to register for an upcoming online
Crisis Communication Management Course. Just one class remains for
2024, beginning in September.
About ICM
Founded in 1990, the Institute for Crisis Management was one of
the first consulting firms in the U.S. to specialize exclusively in
crisis management and communications. Unlike general consulting and
PR firms, helping clients build the skills required for effective
reputation, issues and crisis management is at the heart of what we
do. ICM's planning, training and consulting services help leaders
and organizations of all shapes and sizes through all phases of a
crisis, from assessing vulnerabilities and preparing for them, to
containing a crisis and mitigating damage, learning from the event
and seizing opportunities that arise from the crisis.
CONTACT:
Deborah Hileman, SCMP
Institute for Crisis Management
381160@email4pr.com
+1 502.587.0327
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SOURCE Institute for Crisis Management