close
Share with your friends

Is your strategy informed by the reality of risk networks?

Is your strategy informed by the reality of risk

Risk implies uncertainty and we know that risks do not occur in isolation. Increasingly risks are occurring together or in short succession of each other, often with greater impact than the sum of the parts.

1000

Also on home.kpmg

Is your strategy informed by the reality of risk networks?

We live in a VUCA world! VUCA is an acronym for volatility, uncertainty, complexity and ambiguity characterising the current business environment and the world we live in.

Risk implies uncertainty and we know that risks do not occur in isolation. Increasingly risks are occurring together or in short succession of each other, often with greater impact than the sum of the parts. Why is this?

We know the world has changed significantly over the last few decades. There are more global trade links than ever before and the rapid pace of technological advancement has resulted in a world with highly inter-connected risks, unlike anything we have seen historically.

The current Covid-19 pandemic has unfortunately shown us the potential impact of the domino effect of inter-connected risks being triggered. We are simultaneously experiencing depressed market prices, high levels of market volatility, interest rate cuts, Rand weakness, supply chain interruptions, the need to rapidly adapt to a new way of work, cyber-attacks on the rise, rising unemployment, depressed economic conditions; with many lives and livelihoods being severely affected.

 

Download full the article here

© 2021 KPMG Services Proprietary Limited, a South African company with registration number 1999/012876/07 and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.


For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal

Save, Curate and Share

Save what resonates, curate a library of information, and share content with your network of contacts.

Sign up today