Welcome to the age of the polycrisis: the Global Risks Report 2023
Global risksPodcastJanuary 12, 2023
‘As 2023 begins, the world is facing a set of risks that feel both wholly new and eerily familiar.' So reads the executive summary of the Global Risks Report 2023, the result of a huge annual survey conducted by the World Economic Forum in collaboration with Marsh McLennan and Zurich Insurance Group.
We've seen a return of older risks inflation, cost of living crises, trade wars, capital outflows from emerging markets, widespread social unrest, geopolitical confrontation, and the spectre of nuclear warfare which few of this generation's business leaders or public policymakers have experienced.
The Global Risks Report is a fascinating read. It looks at short-term and long-term perceptions. And in the longer term, or the medium term, the threat posed by climate change is the top risk on a ten-year time horizon. But in the short term, worries about natural disasters and extreme weather fall to second place, pushed off the top spot by the cost of living crisis.
Listen to this podcast to hear from two experts raising awareness of the interconnectivity risks and uncertainty the world faces and how we need to think more collaboratively about how we approach preparedness and resilience to move forward.
