To identify and address interrelated risks like supply chain risk, climate risk, and cyber risk, business leaders must embrace a new, collaborative strategy that emphasizes the significance of trust and a mindset shift.
Business leaders face a complex and interconnected risk landscape that resembles a game of whack-a-mole. They need a new perspective on risk and a collaborative approach to identify and address these risks. The article focuses on three major risks: cyber risk, supply chain risk, and climate risk. It highlights the challenges faced in managing these risks and the importance of trust in achieving positive business outcomes. The article then introduces a methodology for C-suite teams to better understand and manage the totality of risks they face. This requires focus, collaboration, creative tech solutions, and a willingness to challenge existing mindsets. It emphasizes the need to see and share risks in order to effectively address them.