The risk landscape in which businesses are operating is constantly evolving, leading to fluctuations in confidence levels around growth.
As we continue to develop and enhance our insight into the risks both impacting and influencing the business decisions of our clients today, for our fourth instalment of the Risk & Confidence survey, we have gone global. The upcoming edition, which will be published on 19th November, includes research conducted with 450 business leaders each from the UK, Continental Europe, Asia and North America.
Ahead of the publication of the next edition, we wanted to recap on what our Spring 2018 respondents predicted to be to the biggest risks six-months down the line.
Autumn 2018 predictions
Cyber and regulatory risks are predicted to be dominating the risk agenda, according to our Spring 2018 respondents. They predicted cyber to top the risk league, with almost half believing this to be the case. As cyber-attacks and the subsequent impact of these occurrences continue to dominate our headlines, we would expect this to remain a top risk, but with a lot of other risk factors at play, will it keep the top spot?
While regulatory risk barely registered as a concern in previous surveys, it has now broken through as the second most concerning risk, with 32% of respondents predicting this to be the case. Given that respondents to this survey were multinational organisations based in the UK and Europe, it would seem the looming impact of Brexit is deeply resonating within businesses as the leave date gets closer.
As for sectors, the three most confident sectors are predicted to be Fintech (74%), Healthcare (66%), and Life Science (60%). While the most cautious sectors are expected to be Construction (40%), Manufacturing (38%), and Financial Services (36%).