{ "docId": "019dd923-5ca1-7489-b639-a22e527929b1", "docSlug": "94459f2263408b95", "documentTitle": "From Threats to Impact Asia-Pacific", "authorId": "OliverWyman", "authorName": "Marsh & McLennan Companies", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "strategy_consulting", "sourceTypeLabel": "Strategy consulting", "presentationDate": null, "orientation": "portrait", "aspectRatio": 0.707, "pageNumber": 46, "pageCount": 59, "prevPage": 45, "nextPage": 47, "slideType": "key_takeaways", "function": "summarize", "density": "overcrowded", "nDataPoints": 0, "notes": null, "elementsJson": [ "paragraph", "numbered_list" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-5ca1-7489-b639-a22e527929b1/46", "deckHref": "/decks/019dd923-5ca1-7489-b639-a22e527929b1", "deckJsonHref": "/decks/019dd923-5ca1-7489-b639-a22e527929b1.json", "deckAnchorHref": "/decks/019dd923-5ca1-7489-b639-a22e527929b1#slide-46", "components": [ { "bbox": null, "kind": "callout", "text": "It is clear that businesses will have to react swiftly in response to these risks.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd951-d9f0-7525-9c40-1ed9f020ec7c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.155, "w": 0.355, "x": 0.515, "y": 0.185 }, "kind": "list", "text": "1. These risks are crystalizing in Asia-Pacific, and have manifested in various forms across economies in the region with businesses already feeling the impact\n2. Megatrends in the region, notably technological advancements and increasing cyber dependency, climate change, and a rapidly aging population, will significantly complicate these risks.", "attrs": null, "subkind": "numbered", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "281cb907-9017-4191-8612-0bf51974de09", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.085, "w": 0.355, "x": 0.148, "y": 0.435 }, "kind": "paragraph", "text": "Third, it is important for businesses to realize that the rapid pace of change in the region – especially in the areas of geopolitics and technology – is happening against the backdrop of persisting socioeconomic and environmental vulnerabilities. This presents an extra layer of consideration for executives as they plan their businesses’ future development.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "07e6cc0f-9172-484b-a23d-efbb24b56769", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.165, "w": 0.355, "x": 0.515, "y": 0.455 }, "kind": "paragraph", "text": "Lastly, while we have mainly examined risks through the lens of businesses in this report, much of the risk insights presented in this report is also applicable to governments and policymakers. To observe and prepare for the evolving risk landscape in the region is a crucial first step to build effective risk management and greater resilience not only at the individual company level but also on the industry and national levels. It is our hope that this report can serve as a useful roadmap both for businesses as well as policymakers and other keen observers of the region, propelling them towards change, concrete actions and greater resilience.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1239782f-743f-4a45-9971-a3d930972e8b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.125, "w": 0.355, "x": 0.148, "y": 0.295 }, "kind": "paragraph", "text": "Second, Asia-Pacific will continue to be one of the key sites for technological innovation. However, the frameworks to address new operational, security and ethical risks that arise from these advancements are not necessarily in place yet, which means businesses may need to put in place mitigation systems of their own. On the other hand, executives will also need to pay attention to changes in the regulatory landscape in anticipation of policy responses by governments to these threats.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "20ab59fa-48ac-4b03-b0c3-33dc05db2151", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.085, "w": 0.355, "x": 0.515, "y": 0.355 }, "kind": "paragraph", "text": "It is clear that businesses will have to react swiftly in response to these risks. To aid business leaders in this endeavor, we have suggested some directional changes companies can take as the first step towards a comprehensive response. Looking forward, however, businesses will need to look deeper into their own organizations to devise suitable and workable strategies.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "30482464-a2dc-4897-b9cc-81e3c84bd045", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.085, "w": 0.355, "x": 0.148, "y": 0.535 }, "kind": "paragraph", "text": "From this broad overview of the Asia-Pacific risk landscape, we focused specifically on two risks, namely critical infrastructure failure or shortfall, and talent shortage, and their potential impact on businesses. They represent various threats to the two key developmental pillars for the region – physical infrastructure and human infrastructure.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9417c8d9-6c2f-46f5-a1ce-7c2ea535a5a4", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.075, "w": 0.355, "x": 0.148, "y": 0.205 }, "kind": "paragraph", "text": "First, global and regional geopolitical shifts are increasingly permeating to risks in other areas, notably technological and economic developments. Geopolitics continues to be the wild card for businesses, and sudden changes in this regard can catch executives off guard.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c593f218-78dc-448d-bcdb-c02f50c483e9", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.045, "w": 0.355, "x": 0.515, "y": 0.125 }, "kind": "paragraph", "text": "These are analyzed within the megatrends that will shape regional development in the long term. We would here like to stress on two key observations on the back of the discussion:", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d2ec46e6-8bc3-4890-8090-72ee357a6189", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.065, "w": 0.355, "x": 0.148, "y": 0.125 }, "kind": "paragraph", "text": "In this third edition of the Evolving Risk Concerns in Asia-Pacific, we have provided an overview of the risk landscape in the region across key risk areas that were covered by the Global Risks Report. The discussion yielded three relevant observations for businesses operating in the region.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d90e128c-37e6-43c0-8563-79153f7d6443", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.035, "w": 0.315, "x": 0.148, "y": 0.071 }, "kind": "title", "text": "CONCLUSION", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2467cfc2-4df1-4ad9-909f-5463a22cebb3", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }