Beware of These Top 5 Global Risks in 2021!

Every year the World Economic Forum publishes the Global Risks Report. This year’s report includes the Global Risks Perception Survey (GRPS) result, which is the report’s source of original data that generated a total of 841 responses form World Economic Forum’s multi stakeholder. The survey provides insights on the risks that are expected to have the greatest likelihood, and the greatest impact. According to the publication, here are the top 5 risks that are most likely to happen in 2021:

TOP RISKS BY LIKELIHOOD

  • Extreme weather
  • Climate action failure
  • Human environmental damage
  • Infectious disease
  • Biodiversity loss

Not only does the report disclose some of the risks that are most likely to happen, it also provides us with the insights to the risk that are expected to have the greatest impact. The top 5 risks that have the greatest impact globally are:

TOP RISKS BY IMPACT

  • Infectious disease
  • Climate  action failure
  • Weapons of mass destruction
  • Biodiversity loss
  • Natural resource crises

Knowing this data can really help an organization to provide a better planning and strategy to navigate through year 2021!

Reference

World Economic Forum. (n.d.). The Global Risks Report 2021 16th Edition. Retrieved from http://www3.weforum.org/docs/WEF_The_Global_Risks_Report_2021.pdf