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COVID-19 has been a stark reminder that preparing for a specific event or exposure is not enough. Organizations must also consider the impact those events carry in a globally connected marketplace. Despite survey respondents noting an increase in risk-readiness, the past two years have shown that being aware of a risk is not the same as being ready for it — companies also need to anticipate and mitigate looming threats.
Which risks have been identified by businesses around the world as the global top 10? And how can your decision-making shift to tackle these new trends?
Risks are Becoming Increasingly Interconnected
The Global Top 10 Risks
As businesses and economies emerge from the pandemic, the way we identify, analyze and make decisions about risk has changed. The impact of the COVID-19 pandemic has demonstrated the interconnected nature of the risks organizations have to tackle. A risk in one part of the world has consequences in another.
Aon’s 2021 Global Risk Management Survey highlights how long-tail risks have become a driving factor in how leaders make better decisions to protect and grow their organizations.
The Importance of Better Decision Making Amid Increased Volatility
Findings from Aon’s 2021 Global Risk Management Survey
10
Failure to Innovate/
Meet Customer Needs
9
Increasing
Competition
8
Supply Chain or Distribution Failure
7
Pandemic Risk/
Health Crises
6
Regulatory/
Legislative Changes
5
Damage to Reputation/Brand
4
Commodity Price Risk/
Scarcity of Materials
3
Economic Slowdown/
Slow Recovery
Read Full List of Global Risks >
Risk-readiness has increased across all industries – except in those that have been most dramatically impacted by the pandemic. How have profiles shifted across industries and what decisions can you make today to prepare for the risks that are on the horizon?
Risk Profiles Vary by Sector – What’s Your Industry’s Top Risk?
Industry-Specific Risks
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Construction and Real Estate
Aon Insights
Energy, Utilities and Natural Resources
Financial Institutions
Food, Agribusiness and Beverage
Healthcare Providers and Services
Hospitality, Travel and Leisure
Industrials and Manufacturing
Insurance
Life Sciences
Professional Services
Public Sector Partnership
Retail and Consumer Goods
Technology
Transportation and Logistics
Telecom, Media and Entertainment
In the first few months of the pandemic, businesses all over the world went into an unprecedented global lockdown. From an increasing reliance on technology to keep businesses running and the accompanying accelerating cyber risk — there are a number of risks that have been elevated across regions. Which risks is your region most likely to face? Which threats are underrated?
Identifying Key Trends – What’s the Top Risk in Your Region?
Top Risks by Region
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North America
Latin America
Europe
Middle East & Africa
Asia Pacific
Top 3 Risks
1. Cyber Attacks/Data Breach
2. Business Interruption
3. Damage to Reputation/Brand
Top 3 Risks
1. Economic Slowdown/Slow Recovery
2. Business Interruption
3. Commodity Price Risk/Scarcity of Materials
Top 3 Risks
1. Business Interruption
2. Commodity Price Risk/Scarcity of Materials
3. Economic Slowdown/Slow Recovery
Top 3 Risks
2. Cyber Attacks/Data Breach
3. Business Interruption
1. Economic Slowdown/Slow Recovery
Top 3 Risks
2. Cyber Attacks/Data Breach
1. Business Interruption
3. Economic Slowdown/Slow Recovery
Today’s business leaders must respond to more risks than ever before. The findings from our survey provide insights into the biggest risks facing organizations like yours, both now and in the future.
To compile this report, we asked over 2,300 risk managers and c-suite professionals from 60 countries/territories and 16 industries about their key risks and how they manage and mitigate them.
Use Data and Insights to Make Better Decisions
2021 Global Risk Management Survey
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As the results of our 2021 Global Risk Management Survey show, patterns emerge that can help organizations tackle existing and emerging risks. Based on today’s landscape, business leaders are facing a once-in-a-lifetime set of challenges. Data, insights, and expert analysis will be critical to decision-making.
Explore our areas of focus:
Explore the Full Interactive Report >
Top 3 Risks
1. Cyber Attacks/Data Breach
2. Business Interruption
3. Damage to Reputation/Brand
Top 3 Risks
1. Economic slowdown/slow recovery
2. Business Interruption
Commodity price risk/scarcity of Materials
Top 3 Risks
1. Business Interruption
3. Economic slowdown/slow recovery
Top 3 Risks
1. Economic slowdown/slow recovery
2. Cyber attacks/data breach
3. Business Interruption
Top 3 Risks
1. Business Interruption
2. Cyber attacks/data breach
3. Economic slowdown/slow recovery
Explore the Full Interactive Report >
Learn More
Learn More
Learn More
3.
Commodity price risk/scarcity of materials
2.
