 |
No big change has been noticed compared to what was published in the previous edition. Business interruption risk comes, as usual, first, followed by market developments, cyber risks and natural catastrophes.
The lack of political visibility triggered by the Brexit, the election of Donald and the increase of protectionism , have significantly changed the perception of the political risk which gains one place compared to 2016.
| 2017 ranking | 2016 ranking | Top ten global risks in 2017 | % of respondents in 2017 | % of respondents in 2016 |
|---|---|---|---|---|
| 1 | 1 | Business interruption (including supply chain disruption and vulnerability) | 37% | 38% |
| 2 | 2 | Market developments (volatility, intensified competition/new entrants, M&A, market stagnation, market fluctuation) | 31% | 34% |
| 3 | 3 | Cyber incidents (cyber crime, data breaches, etc.) | 30% | 28% |
| 4 | 4 | Natural catastrophes (storm, flood, earthquake, etc.) | 24% | 24% |
| 5 | 5 | Changes in legislation and regulation (government change, economic sanctions, protectionism, etc.) | 24% | 24% |
| 6 | 6 | Macroeconomic developments (austerity programs, commodity price increase, deflation, inflation) | 22% | 22% |
| 7 | 8 | Fire, explosion | 16% | 16% |
| 8 | 9 | Political risks and violence (war, terrorism, etc.) | 14% | 11% |
| 9 | 7 | Loss of reputation or brand value | 13% | 18% |
| 10 | 11 | New technologies (impact of increasing interconnectivity, nanotechnology, artificial intelligence, 3D printing, drones, etc.) | 12% | 10% |
In Africa and the Middle East, risks related to market and macroeconomic developments remain at the top of respondents’ concern. Political risks, rank third, gaining four places while the perception of natural catastrophes risk is decreasing.
Loss of reputation or brand value is increasingly worrying companies in Africa and the Middle East. This risk, which did not show in 2016, appears at the top ten of 2017 ranking.
| 2017 ranking | 2016 ranking | Top ten risks in Africa and the Middle East in 2017 | % of respondents in 2017 | % of respondents in 2016 |
|---|---|---|---|---|
| 1 | 1 | Market developments (volatility, intensified competition/new entrants, M&A, market stagnation, market fluctuation) | 39% | 44% |
| 2 | 1 | Macroeconomic developments (austerity programs, commodity price increase, deflation, inflation) | 37% | 44% |
| 3 | 7 | Political risks and violence (war, terrorism, etc.) | 31% | 27% |
| 4 | 3 | Changes in legislation and regulation (government change, economic sanctions, protectionism, etc.) | 26% | 32% |
| 5 | 5 | Cyber incidents (cyber crime, data breaches, It failure etc.) | 23% | 30% |
| 6 | 5 | Business interruption (including supply chain disruption and vulnerability) | 22% | 30% |
| 7 | 3 | Natural catastrophes (storm, flood, earthquake, etc.) | 17% | 32% |
| 8 | 8 | Fire, explosion | 15% | 25% |
| 9 | 9 | Theft, fraud, corruption | 14% | 20% |
| 10 | - | Loss of reputation or brand value | 10% | - |