Risk come in different forms and from different directions
Inflation is falling, but in many countries, it’s still “stubbornly high” The rise in interest rates has lowered demand but pushed up borrowing costs
volatility in geopolitical and geoeconomic fluctuation and the El Niño weather phenomenon could all disrupt supply chain management
cross-border conflict, intrastate violence is at high level and predicted to be more intensified for years
Source : Chief Risk Officer Outlook, World Economic Forum, 2023
The changes range from trade restrictions to regulatory developments relating to climate change and AI technologies and political power transition
These risk are growing in importance for organizations and the challenges is very high due to the lack of understanding about the pace of change and its’ implications.
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