Recent times have proven we cannot anticipate every risk - for example, COVID, supply disruptions, inflation. We know such events will repeat unexpectedly, without warning. True, we cannot always successfully absorb or transfer the risk, but we can incorporate smarter strategies today. Worldwide, we’re seeing a growing interest in establishing mutually agreed governance frameworks designed to widen our focus on detecting risks and taking actions. Even though we cannot produce a totally risk-free ecosystem (i.e., well-trained communities), we are getting smarter about eliminating the risk before it takes us by surprise!
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