2021 key risk areas beyond the pandemic

2021-01-05 05:00

Healix International has identified six key areas of risk - besides the continued impact of COVID-19 - for global organizations in 2021.

Unless resilience starts to be factored into these considerations, disruption to supply chains will remain a significant operational risk factor.

Mounting frustrations over inequality, cynicism of perceived corrupt political elites, and distrust of wider civil society including the media and big business amid the pandemic of fake news are likely to lead to increased public agitation and worsening levels of political cohesion.

Erosion of domestic political cohesion fuelled by social media.

This dynamic will become more prevalent in 2021 and result in even more social and political divisiveness, with rising levels of political risk in locations where the 'culture war' is most pronounced.

As Chris Job MBE, Director, Risk Management Services, Healix International explains, it is vital for organizations with an international footprint to ensure that the myriad of risks beyond the coronavirus remain a focus.

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