Fetal distress occurs when a fetus shows signs of inadequate oxygenation during pregnancy or labor. It is characterized by changes in fetal movement, growth, heart rate, and the presence of meconium in the amniotic fluid. Risk factors include anemia, restricted fetal growth, maternal hypertension, low amniotic fluid, and post-term pregnancy. Treatment involves improving oxygen delivery to the mother and fetus, and complications can include increased mortality risk as well as fetal encephalopathy, seizures, cerebral palsy, and neurodevelopmental delay if left untreated. Regular prenatal checkups with fetal heart rate monitoring are important for prevention.