January Edition: Davos In Focus & The Global Risks Report

In our monthly newsletter we bring you perspectives on the business challenges of the day from our global experts.

Global Risks Report 2023

The age of the polycrisis: "As 2023 begins, the world is facing a set of risks that feel both wholly new and eerily familiar."

We launched the 18th edition of the Global Risks Report in partnership with the?World Economic Forum and 苏黎世保险 earlier this month.?The report is essential reading for government, business, academia and civil leaders seeking to unravel the world's most pressing issues.

Top 3 risks:

1. Cost of living crisis?

2. Natural disasters?

3. Geo-economic confrontation

For the past 17 years the World Economic Forum’s Global Risks Report has warned about deeply interconnected global risks. 2023 is the year of the polycrisis, as per this year’s report – a term used to describe a number of cascading risks that overlap with each other in the same time frame. We've seen a return of bygone risks like inflation, cost-of-living crises, trade wars, capital outflows from emerging markets, widespread social unrest, geopolitical confrontation, and the specter of nuclear warfare which few of this generation's leaders or public policymakers have experienced.

Marsh McLennan's Richard Smith-Bingham sat down with Carolina Klint to unpack this year’s report.

“While there are numerous short-term fixes that can be applied, we really should view this through a long-term lens. Investments in health, education, critical infrastructure, and renewable energy all will help advance society and build resilience to future shocks.”

Carolina Klint, Risk Management Leader, Continental Europe, Marsh?

Watch the full conversation here:?

Read the report here. ?

Work’s Great Reboot

The Marsh McLennan delegation has been busy at Davos this week participating in industry leading conversations, launching special reports and sharing insights and commentary that delve deeper into issues including our health, climate, economy and the future of work.?

美世 ’s President and CEO, Martine Ferland , and Global Transformation Leader Ravin Jesuthasan, CFA, FRSA — along with a panel of global senior business leaders examined how new workforce challenges have highlighted a profound shift in the social contract between employers and employees and a radical reassessment of how we think about work and jobs.??

Marsh McLennan’s Global Director of Social Media Arshiya Kapadia sat down with Ravin Jesuthasan for a LinkedIn Live Davos in Focus conversation to understand what can businesses do differently to become more attractive employers.

"Work has escaped every boundary we've put around it".

Ravin Jesuthasan, Global Transformation Leader, Mercer

Watch the full conversation here:

Consumer Trust in Healthcare

New strategies are required to build?trust?in healthcare, an industry not accustomed to influencers trumping institutions. Oliver Wyman gathered leaders from across the health ecosystem to explore the erosion in trust we’ve seen through the pandemic and the rapidly evolving nature of how information is conveyed and consumed. In addition, the panel discussed whom individuals trust and how they influence (and are influenced by) others in making health decisions.?

Sam Glick, Global Leader, Health & Life Sciences at Oliver Wyman, joined Amelia Woltering, Global Communications Leader, Marsh McLennan for a LinkedIn Live conversation to discuss all of this and more.

“It should force all of us to do some introspection about what it’s going to take to rebuild that trust because right or wrong, we need to build trust with those we serve, and we serve consumers.”

Sam Glick, Global Leader, Health & Life Sciences, Oliver Wyman

Watch the full conversation here:

Gen Z Will Change The World

"Born between 1997 and 2012, Gen Z represents 25% of the world’s population, $7 trillion or more in purchasing influence, and will comprise 27% of the workforce by 2025."

To better understand this generation, The?Oliver Wyman Forum?in collaboration with?The News Movement?studied them over a two-year period, exploring?how they will profoundly change the way we live, work, shop, invest, interact, react, stay healthy, and stay informed.

Launched at the?World Economic Forum?Annual Meeting this week, read the report here.?

Ahead of the launch, Arshiya Kapadia interviewed John Romeo ,?CEO, Oliver Wyman Forum for our LinkedIn Live conversation on why businesses and employers must take this generation seriously.

“With Gen Z, the future of work is happening right now. It's here.”

John Romeo,?CEO, Oliver Wyman Forum

Watch the full conversation here:

Follow our Davos 2023 coverage here to get more in-depth insights.

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