Global Risk Landscape 2024: Antifragility, Risk as a Driver for Success (BDO)

Summary

• 84% of respondents say the global risk landscape is now more defined by crisis than at any point in recent memory.p.3
• 49% of business leaders describe their organisations as antifragile.p.4
• Only 7% of business leaders described their organisations as risk welcoming, compared to 15% in 2023.p.8
• The share of leaders who see the evolution of AI as an opportunity dropped to 59% from 83% in 2023.p.10
• 37% of business leaders cite regulation as a top three risk their organisations are most unprepared for, compared to just 7% in 2023.p.14
• 44% of respondents said their organisations are suffering from cyber fatigue.p.22

Key insights

1. Cyber risk, the second-biggest risk cited in 2023, dropped to fifth, while environmental risk tumbled to ninth.p.3
2. Regulatory risk is now the number one risk business leaders feel their organisations are unprepared for.p.5
3. Technological changes and development were cited by 23% of respondents this year, up from just 4% last year, making it the sixth-biggest risk.p.14
4. 48% of CEOs named technology risk as a top risk their organisation was unprepared for.p.15
5. Environmental risk saw the biggest drop, from 38% to 15%.p.15
6. Only a third of organisations say they are using AI for risk management, and just 5% use it for risk identification and assessment.p.12
7. 88% of those not yet using AI for risk management are considering adopting it in the future.p.13
8. 74% of respondents expect the intensity of global conflict to increase over the coming year.p.18
9. 56% of respondents said they have taken steps to protect their supply chains from Houthi attacks, but only 36% have an adaptive supply chain in place to manage disruption.p.19