EMBRACING DISRUPTION: A CALL FOR RETHINKING RESILIENCE IN TODAY’S UNCERTAIN WORLD
In today’s interconnected world, organisations face an unprecedented array of threats. These threats, diverse and far-reaching, range from geopolitical tensions and cyber attacks to climate change and regulatory shifts. Their impact is profound and enduring, often disrupting businesses and challenging their very survival.
A 2023 PwC report revealed that 73 percent of chief executives globally are concerned about business disruptions, with cyber threats and geopolitical instability topping the list of worries. The traditional approach to risk management, which often involves siloed and reactive responses, is no longer sufficient.
Instead, organisations must foster a resilient work culture that can not only withstand but also thrive in the face of unprecedented disruption. This necessitates a fundamental shift in mindset, from merely managing risks to embracing disruption as an opportunity for growth and innovation.
In this article, we delve into the evolving global threat landscape and its impact on businesses. We argue that a rethinking of resilience is necessary, one that involves a proactive and adaptive approach, equipping organisations to navigate an uncertain future. By envisioning a ‘future state of resilience’, businesses can stay ahead of the curve and ensure their long-term viability.
Evolving global threat landscape and business disruption
Recent years have highlighted the dynamic and unpredictable nature of the global threat landscape. Geopolitical tensions, for instance, have resulted in economic sanctions, trade wars and even physical conflicts, disrupting global supply chains and markets.
Jul-Sep 2024 Issue
HCLTech