Trend 4: Dynamically managing risk
From risk registers to strategic risk management
AS global volatility rises, mining companies should no longer solely rely on their risk registers to identify critical risks. Systemic issues—such as insufficient risk sensing, a “tick the box” mentality, and complex operating models—are forcing them to predict the impact of emerging events and prioritize key risks. It’s time to embrace more strategic risk management practices.
It is at present almost an understatement to say that global volatility is on the rise. From Brexit, US/China trade discussions, and instances of rising nationalism and xenophobia to disease outbreaks, environmental disasters, and climate change, the world faces significant uncertainty.
Author : Andrew Swart