Global Risk Landscape Report 2023

An improved, more proactive approach to risk is particularly timely as businesses continue to operate in a challenging environment. It’s time for businesses to embrace new ways of thinking about risk, looking at the risk multipliers, instead of individual risk factors. The risk multiplier effect refers to individual risks overlapping and amplifying each other with devastating and unexpected consequences. The challenge for global businesses is to understand how the possible risk multipliers can affect their risk profile and operations.

To provide business leaders with a deeper understanding and insight into managing risk multipliers, we are pleased to share The 2023 BDO Global Risk Landscape Report - The Age of the Risk Multiplier.  The report examines the attitudes of risk leaders to a range of emerging and evolving risks such as fraud, Artificial Intelligence (AI) and digital transformation, cyber-attacks and climate change.

“Organisations, navigating within a perpetually uncertain global environment, demand proactive measures and a collective shift in perspective towards embracing risk multipliers. This requires dismantling internal barriers, fostering collaboration, and harnessing internal knowledge to strengthen the organisation against evolving challenges.” Arjun Mehta, Risk Advisory Services Partner and Leader (to be represented as an image).

Read the report to discover how leading organisations are shifting their focus towards understanding how different risks interact and amplify each other's effects. This innovative perspective has the potential to transform risk management from a defensive strategy to a proactive one, opening avenues for growth even in challenging times.