GARP: The Risk Landscape Is Crowded and Complicated. What Happens Next?
Written by Supply Wisdom Team
Consensus isn’t lacking about geopolitical, pandemic, energy and economic risks.
There is no shortage of documentation and data points on the perils of the world and, as categorized in the World Economic Forum’s annual global risks reports, their economic, environmental, geopolitical, societal and technological consequences.
The full-time and real-time nature of risk monitoring amid accelerating global change, market uncertainty and complexity may call into question the lasting value of any published assessment. However, risk rankings and dashboards are increasingly dynamic, the WEF’s and others’ output is less static and one-off than in the past, and there are attempts to look beyond what is near-term and in the foreground.
In his interview with Jeffrey Kutler of GARP, Atul Vashistha, Chairman & CEO of Supply Wisdom, stresses the importance of looking beyond financial and cyber risks and the value of location monitoring.