The COVID-19 pandemic, emerging digital threats, climate change and the United States-China relationship are among the top five risks for business in 2021, says Control Risks, a specialist global risk consultancy, in a new report.
Underpinning these risks, according to the report, the danger of missing the rebound in a year of multi-speed recovery is a top risk for business in the coming year.
“There’s no doubt that businesses will continue to face considerable disruption from the COVID-19 pandemic, but we believe that the opportunities are real and exciting for many companies in 2021,” said Control Risks Chief Executive Officer, Nick Allan.
A statement by Control Risks added, “All top five global risks are present in Africa but play out in unique ways.
“In some areas the continent presents a positive break from the more negative global trends, such as in the regional cooperation shown by the continent in its response COVID-19 and the planned launch of the African Continental Free Trade Area (ACFTA).”