So what are the biggest risks under the sun? In what way will they affect you? For entrepreneurs risks also means opportunities. For risk managers however it means you need to be on the look out. If your risk register does not include the 20 risks noted below, then you are missing out. Your organisation will soon be affected and just dont be caught unaware.
Some of the risks are already playing out in various regions across the globe and most of you can relate to them. The risks are compiled by the World Economic forum and we feature them below in ascending order;
- Unemployment or underemployment
- Fiscal crises
- Failure of national governance
- Energy price shock
- Profound social instability
- Failure of financial mechanism or institution
- Failure of critical infrastructure
- Cyberattacks
- Interstate conflict
- Terrorist attacks
- Unmanageable inflation
- State collapse or crisis
- Failure of urban planning
- Asset bubble
- Large-scale involuntary migration
- Illicit trade
- Data fraud or theft
- Extreme weather events
- Natural catastrophes
- Water crisis
