How prepared are we for the biggest global Risks of 2023? (Forecast Part 2)
It’s one thing to be aware of risks, but it’s quite another to have the ability to head off negative events when they come to fruition.
Like the Forecast Part 1, this chart is also based on the Global Risks Report, an annual publication produced by the World Economic Forum (WEF). The risks are grouped into five general categories: economic, environmental, geopolitical, societal, and technological.*
The graphic is a look at how prepared we are globally to deal with specific types of risks that could arise in the next few years.
At the top of the graphic are risks that experts feel society is better equipped to handle with current plans and resources. Moving towards the bottom of the graphic are risks that experts feel are more of a threat since mechanisms for handling them are weak or non-existent.
Experts are generally more confident in solutions in the military or healthcare domains. Environmental and societal challenges leave policy and decision-makers less confident.
One telling observation from the data above is that none of the risks left a majority of experts feeling confident in our ability to prevent the risk from occurring, or prepared to mitigate its impact. As the 2020s are shaping up to be a turbulent decade, that could be a cause for concern.
⪼ What impact does the information have on you? … resp. your company, employees, country, region?
⪼ What measures can you take resp. have you already taken? ... resp. your company, country, region?
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*Source: www.visualcapitalist.com/global-risks-2023/
