As the number of cases of the Coronavirus (COVID-19) increases, the focus of companies must be on limiting the direct impact on employees and customers while also supporting efforts to limit the spread of the virus. The healthcare sector, airlines, travel firms, and supermarkets are experiencing the immediate impact, and face a huge challenge over the coming weeks to respond ... Continue Reading »
macroeconomic
Coronavirus Is Rupturing Global Supply Chains
The coronavirus (COVID-19) outbreak in China will harm the world’s gross domestic product growth since China accounts for 15.4% of global products and services produced. Approximately 500 manufacturing facilities are located in Wuhan, the epicenter of the outbreak, where quarantines are forcing plants to shut down or slow down. Many firms are issuing earnings warnings, and m ... Continue Reading »
Global Risks Report 2020: Macroeconomic Risk Factors
During the last decade, moderate but stable growth has given way to what the International Monetary Fund (IMF) has called a “synchronized slowdown” — weakened growth among the world’s economies. Last year's Global Risks Report, produced by the World Economic Forum (WEF) in partnership with Marsh & McLennan and Zurich Insurance Group, cautioned that a gradual deceleration was ... Continue Reading »
How Can Large Asset Owners Make the Most of Nontraditional Risks?
Asset owners and investment managers pursuing sustainable capital growth face a new world of risk. The challenges, as highlighted in the World Economic Forum’s most recent Global Risks Report, don’t fit within conventional investment theory, according to Fiona Dunsire, Wealth Leader of Growth Markets at Mercer, Peter Grant, Principal at Mercer Investments and Richard Silvan, Inv ... Continue Reading »
Global Risks Report 2020
The 15th edition of the Global Risks Report has been published by the World Economic Forum with support from Marsh & McLennan. Drawing on feedback from nearly 800 global experts who were asked to rank their concerns in terms of likelihood and impact, this year’s report highlights two core threads across the risks landscape: Intensifying confrontations, both between and w ... Continue Reading »
Environmental Risks Are the Leading Concerns for Doing Business Across East Asia and the Pacific
Results from the World Economic Forum’s 2019 Executive Opinion Survey indicate that environmental risks are the leading concerns for doing business across East Asia and the Pacific, with “natural catastrophes” ranking first and “extreme weather events” ranking fifth. The concerns about “natural catastrophes” were heavily driven by responses from Japan and New Zealand, where they ... Continue Reading »
Regional Risks for Doing Business
With heightened economic uncertainty and increasingly decentralized threats, regional understanding of risks – and the opportunity for cooperation – is critical. Results from the World Economic Forum’s 2019 Executive Opinion Survey suggest that the threat of a major economic slowdown is high on the minds of business leaders worldwide, with growing apprehension about a wide ra ... Continue Reading »
Bankability through the Lens of Transparency
The decade following the Global Financial Crisis (GFC) was a volatile one for Latin America. After several prosperous years of riding the global commodities boom, the Latin American region experienced a serious economic slowdown. The region was deeply affected by the decline in international trade, the end of the commodity super-cycle, and unstable global financial conditions. ... Continue Reading »
Economic and Governance Risks to the MENA Region
Exogenous factors, such as geo-economic division, climate change and technological threats all pose a particular risk to MENA, but so, too, do hazards that are more regional in nature. According to respondents in the Middle East and North Africa to the World Economic Forum’s Executive Opinion Survey, the top two risks across the region for doing business are “energy price sho ... Continue Reading »
Boardrooms Are Stuck in the 20th Century; Here’s How We Change That
Michelle Daisley, Partner, Oliver Wyman's Financial Services Practice and Margarita Economides, Engagement Manager, Oliver Wyman's Financial Services Practice Contact Is it possible to govern an organization fit for the third decade of the twenty-first century using a board model from the early twentieth century? The pressures on boards and governance models to change ... Continue Reading »
