The Global Risk Report 2015 highlights and reflects upon a wide range of cross-cutting challenges that can threaten social stability. These risks are additionally aggravated by the global economic crisis and persistent unemployment.Things have not improved since the inception of the Global Risk Reports in 2005, they have in fact turned worse. Local risks have now gone global.
This report, produced in collaboration with Accenture, calls for new models to address supply chain and transport risks. It highlights the urgent need to review risk management practices to keep pace with rapidly changing contingencies facing the supply chain, transport, aviation and travel sectors.
Are economic imbalances and social inequality risk reversing the gains of globalization? Should we shift our concern from environmental risks to socioeconomic risks? Those are the questions asked by this year’s Global Risk Report, published by the World Economic Forum.
In our quest for greater efficiency and greater choice, are we really developing robust global transport networks or simply building a house of cards? That is what the Supply Chain and Transport Risk Initiative, nested within the Risk Response Network of the World Economic Forum is trying to answer.
In overall infrastructure quality, Norway ranks 28/134, behind many other European countries, which is not too bad, but when it comes to road quality, Norway ranks 48/134, even behind countries such as Namibia (23/134), Tunisia (39/134) and Botswana (44/134).
How will the current financial downturn affect supply chains? The 2009 Global Risk Report by the World Economic Forum takes a broad look, not a certain industries or sectors or parts of the economy, but looks at whole countries and their risk preparedness.
While waiting for the Global Risk Report 2009, the continuation of the Global Risk Report 2008, on which I have reported earlier, it may be time to read the other risk reports by the World Economic Forum.
It is now frightening to see how true the predictions in this report were in Global Risks 2008, a report prepared by the World Economic Forum. I can only hope that the global financial turmoil does not translate into a global supply chain turmoil.
Supply chain disruption – a global issue? All companies and governments dependent on external suppliers are exposed to the risks of disruption in their supply chain. Even a relatively small supply chain disruption caused by a local risk event may ultimately have consequences across the global economic system.
