Smaller teams. Experienced people exiting organizations. New organizations without the institutional DNA of older ones. Growing reliance on AI tools without the expertise to validate their outputs. Relentless cost pressure. Sound familiar? The erosion of process safety knowledge and practical hazard experience is contributing to incidents across our industry. These slides explore how this is unfolding, why it matters now more than ever, and how organizations can build the robust systems, leadership, and culture needed to address it head-on. These slides were presented at the Process Safety Congress in Dordretch, Germany.