Please enter the text in the same order as shown in the Image below
Take Courses
Get Certified
Attend Events
Explore Resources

Global Report Warns of ‘Polycrisis’ of Current and Oncoming Risks

January 30, 2023 Leave a comment DRI Admin

Coming out of the World Economic Forum, the 2023 Global Risks Report has a new way of describing the increasingly interconnected levels of risk we’re dealing with: “polycrisis.”

The World Economic Forum, held in Davos last month, surveyed over 1,200 global risk experts, policy-makers and industry leaders to get a sense of both the short- and long-term risk landscape. This year’s top 10 risks for the next two years foreground the results of the COVID-19 pandemic and war in Europe – energy, inflation, food and security risks.

Meanwhile the other near-term risks of climate change and natural disasters are likely to create the long-term risks highlighted in the 10-year list.

Top 10 Risks (2 years):

  1. Cost of living crisis
  2. Natural disasters/extreme weather events
  3. Geoeconomic confrontation
  4. Failure to mitigate climate change
  5. Erosion of societal cohesion
  6. Large-scale environmental damage events
  7. Failure of climate change adaptation
  8. Widespread cybercrime and cyber insecurity
  9. Natural resource crises
  10. Large-scale involuntary migration

Top 10 Risks (10 years):

  1. Failure to mitigate climate change
  2. Failure of climate-change adaptation
  3. Natural disasters and extreme weather events
  4. Biodiversity loss and ecosystem collapse
  5. Large-scale involuntary migration
  6. Natural resource crises
  7. Erosion of social cohesion
  8. Widespread cybercrime and cyber insecurity
  9. Geoeconomic confrontation
  10. Large-scale environmental damage incidents.

For solutions, the report urges collective action to mitigate the effects of both the short- and long-term risks, before it’s too late. This includes both cooperation between countries, and partnerships between the public and private sector.

Click here to read the complete report.

4 Parklane Boulevard
Suite 425
Dearborn, MI 48126

London Office
Tallis House
2 Tallis Street
London, EC4Y 0AB

©2024 DRI International, Inc. All Rights Reserved.