Geopolitical risk spikes
Economic turmoil, war in Ukraine and the continuing impact of a global pandemic … Business leaders haven’t faced such a unique set of challenges in a generation.
Building on a programme of research with business leaders from companies of all sizes from 10 different industry sectors in the US and UK, we throw a spotlight on business risk and resilience – past, present and future.
55% of business leaders feel unprepared to manage inflation, rising to 65% in the US.
Is a real possibility as rising prices leave countries such as Turkey and Egypt vulnerable.
US faces dual challenges
From gun crime at home and upheaval in relations with Russia and China abroad.
Building business resilience
Is urgent. The insurance industry needs to support in areas such as war and terror, trade credit and D&O.
Chart scales are based on the percentage of companies ranking a risk as their leading concern and on the percentage of companies feeling ‘very prepared’ to anticipate and respond to each risk, standardised across the four risk categories: geopolitical, digital, environmental and business.
With public policy and trade relationships in turmoil, it is perhaps little surprise that energy & utility companies are particularly troubled by the prospect of political risk during 2022.
Food insecurity and the growth of civil unrest
If businesses take only one lesson from the war in Ukraine it will surely be the complete lack of predictability when it comes to geopolitics and the need to build in resilience against future political upheavals.
RIMS webinar: Deadly Weapons and Risk Resilience
In this RIMS-hosted webinar, join Beazley, CrisisRisk, and a risk manager from the City of Jacksonville for a panel discussion on the changing risk landscape around gun violence.
Geopolitical risk: are business leaders complacent about the threat?
From Western Europe, the world looks like a very different place now to three months ago.
Geopolitical risk spikes leaving business leaders fearing the consequences of war and inflation
Business strategies at point of inflection as global sanctions and commodity shortages and price hikes bite.