The economic aftereffects of COVID-19 and the war in Ukraine have ushered in a return of “older” risks - inflation, cost-of-living crises, trade wars, capital outflows from emerging markets, widespread social unrest, geopolitical confrontation. These are being amplified by comparatively new developments in the global risks landscape, including unsustainable levels of debt, a new era of low growth, low global investment and de-globalization, a decline in human development after decades of progress, rapid and unconstrained development of dual-use (civilian and military) technologies, and the growing pressure of climate change impacts. Together, these are converging to shape a unique, uncertain and turbulent decade to come.

This Masterclass will explore ways in which both manufacturing & service sectors can adopt a rigorous approach to foresight and preparedness for these near-term shocks. Simultaneously will aim to bolster resilience to longer-term risks and chart a path forward to a more prosperous world.