The International Labor Organization (ILO) estimates that globally one worker dies and 153 others are injured every minute. That equates to an alarming 2.3 million deaths and 313 million accidents every year. The economic cost of this is unimaginable.
It's estimated that work-related illnesses and injuries result in a loss of 3.9% of the GDP globally, at an annual cost of USD 3665 billion. Of course, the human costs are higher, especially when one takes into account the impact an injury or death can have on family, friends and colleagues. These stats paint a grim picture of the modern workplace – something that organizations today are well attuned to.
As a leading provider of world-class supply chain risk management solutions, Avetta has made conscious efforts to make workplaces safer by providing companies with greater visibility into their supply chain safety practices.