The risk rift: why playing safe could be dangerous
The Global Risk Landscape survey shows companies are becoming more risk-averse among global trade tensions and policy shifts. 69% of respondents defined themselves as risk-averse compared to 61% last year. We believe the retreat from risk in the last 12 months could lead to lower growth in the future.
It is imperative for businesses to acknowledge that growth requires change; change which may expose them to a shifting risk landscape and new or increased risks, such as issues in supply chains and cyber threats.
Thus, it is crucial for businesses to adopt a proactive risk approach and not settle with a box-ticking mentality at the expense of real risk management. By doing so, businesses can enhance their risk posture and seize the opportunities ahead of them.
The Global Risk Landscape Report examines the attitudes of risk leaders to a range of evolving risks such as Artificial Intelligence (AI), geopolitical tensions, supply chain, cyber and much more.
Some key takeaways from the report include:
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Only 28% of businesses see AI as a somewhat significant risk compared with 52% in 2024
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People and talent risk is now joint 2nd in the top risks organisations are unprepared for, having climbed 10 places from 2024
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The priorities of CEOs/MDs and Chief Risk Officers are not aligning, with CEOs/MDs being highly critical of overspending on compliance
APAC insights
You can also access the regional whitepaper that explores the differing business risks and attitudes to risk for the APAC region.
