Major structural risks set to disrupt operations, investments and supply chains
Source: Middle East Insurance Review | Aug 2022
Companies that focus on building resilience and flexibility can mitigate the worst impacts of external shocks by detecting them early. They are better positioned to ride out these waves of uncertainty and come out stronger on the other side, according to a new report.
The Verisk Maplecroft Political Risk Outlook 2022 has said that coming in the wake of the COVID-19 pandemic, Russia president Vladimir Putin’s invasion of Ukraine has crystalised minds to the fact that improbable events can, and do, change the global business environment overnight.
The new report focuses on the major structural risks that are set to disrupt operations, investments and supply chains, put people and assets at risk, and worsen the human rights situation in countries crucial to the supply of goods and natural resources.
The increasingly interconnected risk environment means all markets are facing a rockier future through 2023. This makes managing ESG risks more important than ever. It is the organisations that think in ‘big picture’ terms that will weather the storm best.
If there is one group that has shown resilience, adaptability and appetite for growth during the pandemic, it is organised crime in the Americas. Indeed, crime is the biggest security issue facing companies in major cities across the world, putting staff, assets and supply chains at risk. M