DRI’s Global Risk and Resilience Trends Report: Major Impacts by Region
The DRI International Global Risk and Resilience Trends Report provides a global perspective and comprehensive trends analysis of how resilience professionals view their industry and the external factors that are shaping it. But every region defines its risks differently. Here’s the current landscape.
The DRI Future Vision Committee analyzed probability and impact responses for each of the following regions:
The top five issues per region were identified for both probability and impact. There were 10 issues that appeared in at least one PROBABILITY Top 5.
*R.o.W participants were mainly from Australia and Africa, and since the numbers were relatively low, they did not justify individual analysis for this edition of the report.
Technology failure, both deliberate attacks and accidental errors, score highest in Europe and North America. Severe data breach scores high everywhere except Asia. Surprisingly, Asia ranks the probability of severe data breach less than that of man-made disaster, global financial crash, or failure due to the lack of crisis management expertise. There also were differences of opinion among regions when it came to impact, although all of the IT risks — particularly severe data breach — scored well in all regions. However, the impact of technical failure was the overwhelming concern in Europe and the U.S., but it scored slightly lower in Asia and lowest overall in Latin America. This is perhaps because Asia feels itself technically able to prevent or mitigate impacts, whereas Latin America may still be on a learning curve regarding the full scope of resilience management.
The impact upon the organization should senior management make inappropriate decisions during a major disruptive event is a concern to many. This issue is surprisingly ranked second in Latin America, third in Asia, and in the top ten in all regions. While North America recently suffered more than its share of weather-related natural disasters, the survey indicates that although the probability is recognized as high (ranked 2), the impact is considered much lower (ranked 6). This suggests that resilience professionals in the U.S. and Canada are experienced in dealing with such problems and have measures. in place to mitigate impact. To some extent, it might also reflect the type of natural disasters experienced and the region in the country where they have occurred.
You can download the complete Fourth Annual Risk and Resilience Trends Report from the DRI Resource Library (log in with your free DRI account).
DRI’s regional blogs provide resources and local analysis from professionals worldwide:
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Our webinar series covers many of the major issues featured in the report. Recent presentations include: