Executive Perspectives on Top Risks for 2021 and 2030

Executive Perspectives on Top Risks for 2021 and 2030
2021 Top Risks Survey Hero

Key issues being discussed in the boardroom and C-suite


The range of uncertainties facing business leaders around the globe in 2021 is overwhelming.

Challenges triggered by a once-in-a-century pandemic continue to unfold combined with numerous other risk issues, such as growing social unrest and polarisation, and ever-present challenges ranging from new technologies and digitisation innovations to ever-changing markets, strategies and business models. Staying abreast of emerging risk issues and opportunities is becoming increasingly difficult.

Protiviti and NC State University’s ERM Initiative are pleased to provide this report focusing on the top risks currently on the minds of global boards of directors and executives. This report contains results from our ninth annual risk survey of directors and executives worldwide to obtain their views on the extent to which a broad collection of risks is likely to affect their organisations over the next year – 2021. Also, for the first time, this year we asked respondents to consider how these risks will affect their organisations a decade from now (in 2030).

Now Open! Global Survey for Top Risks in 2022 and Beyond
The range of uncertainties facing business leaders around the globe in 2021 is considerable – but looking ahead, what do you see as the key risks for 2022 and beyond? What are other leading executives around the world discussing in their boardrooms?
Please take 15 minutes to share your invaluable insights with us on the top risks likely to affect businesses in 2022 and over the next decade.

 
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We are pleased with the global reach of our survey this year, with strong participation from 1,081 board members and executives across a variety of industries. Our survey captures insights from C-suite executives and directors, 39% of whom represent companies based in North America, 19% in Europe, 17% in Asia and Australia/New Zealand, and the remaining 25% from Latin America, India, Africa and the Middle East.

 

Podcast and Top 10 Risks

The Top 10 Risks for 2021

  1. Pandemic-related policies and regulation impact business performance
  2. Economic conditions constrain growth opportunities
  3. Pandemic-related market conditions reduce customer demand
  4. Adoption of digital technologies may require new skills or significant efforts to upskill/reskill existing employees
  5. Privacy/identity management and information security
  6. Cyber threats
  7. Impact of regulatory change and scrutiny on operational resilience, products, and services
  8. Succession challenges, ability to attract and retain top talent
  9. Resistance to change operations and business model
  10. Ability to compete with “born digital” and other competitors

 

The Top Risks for 2030

  1. Adoption of digital technologies may require new skills or significant efforts to upskill/reskill existing employees
  2. Impact of regulatory change and scrutiny on operational resilience, products, and services
  3. Rapid speed of disruptive innovation may outpace our ability to compete
  4. Succession challenges, ability to attract and retain top talent
  5. Privacy/identity management and information security
  6. Substitute products or services may arise that affect our business model
  7. Sustaining customer loyalty and retention may be difficult as customer preferences and demographic shifts evolve
  8. Ability to compete with “born digital” and other competitors
  9. Inability to utilize data analytics and “big data” to achieve market intelligence and increase productivity and efficiency
  10. Cyber threats

 

Protiviti Podcast - Powerful Insights, Proven Delivery

 

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Infographic

2021 Top Risks Survey Infographic Global

 

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