New product development is the main priority in LATAM when it comes to top priorities for revisiting business strategy, reflecting a realization that companies will need to innovate to survive
Companies in LATAM see business model disruption as a top three major shock. This could be because the region is a large exporter and any major disruption to supply chains, for example, could impact the economy significantly
21% of organizations in LATAM did not think the pandemic would accelerate a review of their enterprise risk management (ERM) program which could suggest organizations might not have fully appreciated the link between ERM and resiliency
78% of organizations in LATAM reported that they did not have a pandemic plan in place (compared to the benchmark 69%) meaning only one fifth were prepared
Latin America
27%
52%
31%
21%
APAC
North America
LATAM
EMEA
Companies who had a pandemic plan in place prior to COVID-19, by region
