A method for announcing impending critical events within a distributed storage environment is disclosed. In one embodiment, such a method analyzes, at a storage system, status of various storage system components to predict an impending critical event to occur at the storage system. Predicting the critical event may include calculating an amount of time before occurrence of the impending critical event. The method then communicates, from the storage system to a host system, over an in-band communication channel used to carry I/O traffic between the host system and the storage system, one or more of the impending critical event and the amount of time. This will ideally enable the host system to take mitigating actions before the critical event occurs. A corresponding system and computer program product are also disclosed.