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    Home > Chemicals Industry > China Chemical > The Global Risks Outlook 2023 predicts that organizations around the world will continue to face significant risks

    The Global Risks Outlook 2023 predicts that organizations around the world will continue to face significant risks

    • Last Update: 2023-02-03
    • Source: Internet
    • Author: User
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    Recently, SOS International released the "2023 Global Risk Outlook" report
    .
    The report shows that while the severe impact of the coronavirus has faded in many countries and regions, global businesses will still face significant risks
    in 2023.
    The global business operating environment in a "protracted crisis" of many risk factors will affect employees around the world and may reduce the productivity
    of the organization.

    Based on a survey of 1,218 senior risk experts in 108 countries and territories, the report details the top risks
    organizations must focus on in 2023.
    In addition to mental health issues, International SOS highlights how institutional managers can use accurate and reliable sources of information to support
    employees when they are affected by evolving "protracted crisis" events.

    According to the report, many companies are beginning to re-establish geopolitical risk as a key consideration
    in their corporate risk plans.
    Therefore, in order to effectively respond to the changing global risk environment, companies need to continuously assess the likelihood and potential impact of various scenarios to determine the extent of
    their impact on their own business and local people.

    Currently, many crisis management teams are learning how to respond to "protracted crises.
    "
    Experts surveyed noted that many businesses are facing "crisis management fatigue," so organizations will benefit
    from providing the right training, input, and support to crisis management teams in 2023.
    Addressing "crisis management fatigue" is key to transitioning from a "protracted crisis" state to a crisis resilience, and organizations that effectively learn from the lessons learned over the past two years will be better equipped to
    respond to challenges.

    Several experts surveyed predicted that geopolitical risks will have a negative impact
    on productivity levels over the next 12 months.
    In addition, social unrest abroad will also be a key factor
    in the decline in productivity.
    Advance planning for deployment, agile decisions based on accurate information, and workforce resilience will be key
    to addressing a wide range of risks.

    Sally Llewellyn, director of global security at International SOS, said tackling the impact of social unrest will be a key task
    for global organizations in 2023.
    Developing a response begins with understanding the risk environment in which the organization operates, the drivers of social unrest, and the most likely impact
    on employees and operations.
    This can help organizations ensure that they have the right early warning systems in place, understand potential triggers, and how to respond
    to various security risks.
    Secondly, the cultivation of risk awareness is also the key
    .
    Employees and decision-makers need to understand the risks and what organizations can do to mitigate them and keep employees safe
    .

    "Businesses have a very clear understanding of how to respond to the current pandemic
    .
    Building on existing understanding, organizations should expand crisis and business continuity plans to include known health risks and potential health threats
    .
    Conducting drills for high-probability events and low-probability 'worst-case scenarios' will ensure that teams are prepared
    when these scenarios occur.
    " Irene Lai, medical director of international SOS, believes that climate change is also causing multiple crises, and new infectious diseases will inevitably erupt, so forward-looking plans to ensure the resilience of corporate institutions are essential
    .

    With 86% of organisations' travel risk management budgets flat or increased, the report shows that global travel activity is likely to continue to grow and gradually return to pre-pandemic levels
    .
    In 2023, the environment for travel activities will be even more complex
    .
    In this regard, Zhang Yingyan, senior travel risk manager of International SOS, said that although the overseas security environment is dynamically changing, the pace of Chinese enterprises "going out" will not stop, and how to do a good job in the safety of local employees lies in having sufficient upgrade management and emergency response plans, on-site support and targeted risk control measures
    .


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