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An Assessment of Global Reports for Risk Projection and Organizational Minimization Strategy: A Case of Nestlé


Author: Mgbemena, Ijeamaka Charity*; Eze, Ogechi Mishelle; Nwankwo, Nkechi Catherine; Nsoedo Onyekachukwu; Ugbechie, Kingsley Chibuike
Nnamdi Azikiwe University.
Published Date: 2024-06-01
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Keywords: Global Risk; Risk Projection; Crisis.
Abstract:
This Report presents an assessment of existing global reports upon which risk projections for the year 2024 are based. First, the report considers a selection of risks that are likely to be most severe in 2024, exploring newly emerging or rapidly accelerating economic, environmental, societal, geopolitical, and technological risks that could become tomorrow’s crisis. This projection was done considering (i) severity by assessing the perceived likely impact of global risks over a one year horizon, and (ii) Consequences by assessing potential impacts of a risk arising, to highlight relationships between global risks and the potential for compounding crises. In furtherance, the report explores the connections between the three emerging risks outlined and the United Nations Sustainable Development Goals 2030 and concludes by developing and recommending a sustainable organizational resilience strategy to minimize the three top risks identified.