In recent years, there has been an increase across the globe in the scale, diversity and impact of risk events. From cyber-attacks to major hurricanes and floods, and from the US-China trade war to unexpected developments around relations with North Korea, recent norms have been turned upside down and uncertainty reigns.
The Asia-Pacific region has been at the center of many of these developments and businesses operating in the region need to adapt accordingly.
Not only has the region become the global economic growth engine and is expected to remain so in the coming years, it is also fast becoming a center of innovation and home to many new technological advancements. With the ascent of China, as well as India and ASEAN as regional powers, the geopolitical importance of Asia-Pacific continues to increase.
There are underlying uncertainties however which have put increasing pressure on systems, businesses, and institutions to be more agile in how they react to disruptions. Efforts to shore up an organization’s resilience to emerging risks, in turn, must begin with a clear vision of the risk landscape and how it is evolving.
Leveraging the World Economic Forum’s annual Global Risks Report, this year’s edition of the Evolving Risk Concerns in Asia-Pacific series continues to build on previous iterations by providing insights regarding the risk landscape for businesses operating in Asia-Pacific, and exploring several options to mitigate such risks going forward.