Economic, political and environmental instability has become a way of life for businesses globally. And risks only continue to amplify as companies globalise. Major defensive moves have already been taken, so companies are more prepared for risk today than they were in the past. The challenge now is in being able to react more quickly to the consequences of business disruption, by joining up operational and strategic approaches to managing risk.
CEOs globally are keenly aware of macro-economic risks: 80% say that uncertainty and volatility threatens their growth prospects, and over half were directly affected by the European sovereign debt crisis. Concerns have a regional flavour with currency volatility and energy costs a worry for CEOs in Asia Pacific business leaders and underdeveloped infrastructure a threat to growth for CEOs in Latin America. 67% of CEOs say they're planning changes to their risk management approach.