A new era of unforgiving public scrutiny, outdated business models and the repercussions of the pandemic are some of the diverse - yet interlinked - risks that are driving major C-suite concerns today. Underpinning these concerns is an increasingly relentless pressure to withstand public, government and regulatory scrutiny; to meet growing stakeholder expectations; and to transform working practices and culture like never before.
Whilst the emergence of vaccine-resistant COVID-19 variants was the most common concern amongst all but one of the G20 countries surveyed (with 48% of companies expressing this fear), it is, in the longer term, the socio-economic issues exposed by the pandemic, along with knock-on effects, that will be of greatest concern.
With just 4% of companies surveyed stating they have no mainstream concerns about the next 12 months, almost every G20 business will need to be prepared for – and therefore resilient to – an ever-diversifying range of risks and concerns. By proactively building resilience now, companies are better positioning themselves for future growth. It is therefore reassuring that 97% of G20 companies are already investing in preparation for future crises.