Life during the COVID-19 pandemic has challenged governments, businesses and communities, resulting in: deep social, political and economic scars; unprecedented disruptions; and tense nation-state and business rivalries. At the same time, we have seen spurs to innovation and transformation.
During this period of divergent recoveries, businesses have been preparing for continued economic uncertainty, rapid changes in societal circumstances, and the potential intensification of risks, while also focusing on improving resilience to future crises.
The global risks identified in this year’s report demonstrate the need for countries and companies to improve their organizational resilience and learn from the failures and successes of the past two years. Those that have managed risk well, recovered from setbacks and crises, and thrived in a changing risk landscape have been adaptable, created trust with their stakeholders, and worked cooperatively to overcome challenges.
As recovery and the push towards a more sustainable future continue, three risk areas that businesses should consider focusing on in the short and long term are cyber, space and…
