A recent survey by AlixPartners uncovers serious concerns regarding the preparedness of organisations in tackling critical geopolitical, cybersecurity, and regulatory risks. With the looming threat of economic downturn, a staggering 61% of companies feel they aren’t ready to handle these challenges.
Key Points
- 61% of organisations consider themselves “somewhat prepared” to “not prepared at all” for various risks.
- Data privacy (61%), AI threats (68%), and geopolitical impacts (71%) are the top areas of concern.
- Over 60% expect financial crime to rise, yet only 44% find their risk detection technology effective.
- Regulatory changes are difficult to navigate, with 71% feeling underprepared for international changes.
- Curbing cybersecurity incidents remains a challenge, with 60% inadequately equipped to handle breaches.
- Nearly 70% foresee an increase in corporate litigation, prompting firms to raise budgets for legal support.
Why should I read this?
This article is crucial if you want to grasp the pressing challenges organisations are facing in today’s unstable landscape. With risks evolving faster than ever, understanding how companies are planning to adapt (or not) is key for anyone involved in business strategy. We’ve done the heavy lifting to bring you the insights you need to be ahead of the curve!