For many organizations and countries around the world, dealing with the COVID-19 outbreak was the most serious incident they had dealt with in living memory. Indeed, the threat environment continues to be volatile and uncertain with multiple risks manifesting simultaneously. As per credible surveys and predictions, the top risks for the times ahead will centre around:
- Climate change and extreme weather
- Cyber insecurity
- Geopolitical instability
- Emerging technology and AI
- Global fuel and energy crises
- Inflation
- Supply chain disruptions
- Social tensions
- Economic stagnation
- Unemployment
- Pandemic/epidemics
- as well as some that we don’t see coming!
We now live in an era of new challenges and priorities, where the only certainty is uncertainty, and the only choice is to be prepared. According to a 2023 BCG survey of 759 global C-suite executives[1], approximately 75% of leaders consider uncertainty to be a key challenge. About 50% expect additional global shocks that they cannot foresee today to impact their business, while only 62% have enough certainty about their company’s mid-term outlook to make…
