Trending

The latest stories and news affecting the wider business environment as interpreted by our infographics team

Inflation tops executive worry list

• Inflation - 39%

• Cyber Risks - 37%

• Macroeconomic Volatility - 33%

• Digital and Technology Risks - 32%

• Climate Change - 28%

• Geopolitical Conflict - 26%

• Health Risks - 23%

• Social Inequality - 22%

And 4 in 10 do not believe their companies will survive the coming decade:

• 10 years or less - 39%

• More than 10 years - 59%

Source: PwC's Global risk survey 2023

Public swings behind global solutions to risks

Most effective level of decision making according to experts and general population

Experts

• Global - 54%

• Continent - 14%

• Country - 27%

• City - 5%

General Population

• Global - 52%

• Continent - 16%

• Country - 26%

• City - 6%

More interconnected risks need more holistic solutions

Risks are becoming more and more interconnected and need transversal and holistic solutions to avoid future crisis:

• Experts - 25%

• General Population - 45%

Future risks have their own specificities and deserve specific and focused solutions:

• Experts - 75%

• General Population - 55%

Source: Future risks report 2023, AXA

Losses from damage to brand and reputation rise rapidly

Loss of income, top five risks:

Commodity price risk/scarcity of materials
2021 - 50%
2023 - 74%

Economic slowdown/Slow recovery
2021 - 57%
2023 - 55%

Damage to reputation/brand
2021 - 8%
2023 - 52%

Supply chain or distribution failure
2021 - 35%
2023 - 42%

Increasing competition
2021 - 31%
2023 - 41%

But risk mitigation action drops sharply across all categories:

Assessed
2021 - 39%
2023 - 34%

Quantified Risk
2021 - 28%
2023 - 16%

Developed Continuity Plans
2021 - 23%
2023 - 22%

Developed Risk Management Plan
2021 - 35%
2023 - 28%

Evaluated Risk Finance/Transfer Solutions
2021 - 20%
2023 - 16%

Other
2021 - 2%
2023 - 2%

Other

Finally, top five current risks:

1. Cyber attacks/Data breach

2. Business Interruptions

3. Economic slowdown/Slow recovery

4. Failure to attract or retain top talent

5. Regulatory/Legislative changes

Source: Aon, Global risk management survey 2023