Disruptive shifts in technology, geopolitics, societal expectations, and economic inequality are creating a new fragility in the world that is directly impacting how governments and businesses operate, according to "The Global Risks Report 2016."
In its 11th edition, the report was prepared by the World Economic Forum with the help of Marsh & McLennan Companies and other partners and presents a picture of the evolving global risk landscape on both short- and long-term horizons.
Nearly 750 risk experts from all industries globally shared their thoughts on the risks that could threaten global prosperity over the next 10 years. This year, involuntary migration and the failure to adapt to and mitigate climate change — including extreme weather events and water and food shortages — emerges as two of the greatest concerns.
As these and other trends are increasingly interconnected, organizations need to consider risks in the context of other risk to truly understand the potential impact to their organizations. Risks also vary geographically, which pressures global organizations to look beyond trends and exposures in their “home states.”
This year’s report looks at the potential impacts of risks to businesses, and how private organizations can impact public policy frameworks.