The economic uncertainty characterizing economies worldwide today is particularly challenging. The continuing effects from the COVID-19 pandemic has upended business, markets and supply chains. The limited availability of skills and talent as well as access to capital will continue to be felt for some time. Adding to uncertainty is inflation not seen in some countries in more than 40 years.
How these changes will affect your people, risk and capital strategies will remain unclear for the foreseeable future. But despite the uncertainty, we at WTW believe that with the right perspective and vision, you can position your organization for growth by uncovering opportunities as they arise.
For example, organizations that can demonstrate purpose and show a commitment to the wellbeing of their employees will have the advantage, regardless of how events play out. Similarly, those that are better governed and able to optimize their risk management strategies will prove relatively safer risks, better positioned to attract investment – even more important at a time when the cost of capital is increasing.