Resilience Barometer October 2021 South Africa
The FTI Consulting Resilience Barometer® provides a guideline to companies on how to navigate the continuing disruption and uncertainty and increase their resilience: that is, to ensure they are prepared for whatever comes next.
The emergence of new, vaccine-resistant COVID-19 variants was the most common concern (48%) among G20 companies across almost all jurisdictions and industries. In South Africa, however, it was ranked only fourth (45%). Moreover, concerns differed significantly on a jurisdictional level: more than half for our Asian respondents, compared to 40% of EU and UK respondents and 33% of US respondents.
Rising unemployment was the second most common concern cited by G20 business leaders. While this was true across almost all jurisdictions and industries, in South Africa, this was ranked the most common concern (62%).
In preparing for a post-COVID world, organisations must balance short-term imperatives against longer-term focus to rebuild resilience and protect value. FTI Consulting’s Resilience Agenda provides fact-based and timely insights to enable decisions in a volatile and changing environment.
At the dawning of the post-pandemic era, facing unprecedented technological disruptions, rapidly outdating business models and the exposure of socioeconomic fault lines – of which there will be far-reaching repercussions – C-Suites confront a concoction of risk. And looming over this mix, exacerbated by rising unemployment, ongoing corruption and financial criminality abetted by cybersecurity threats is the concern of new vaccine-resistant COVID-19 variants. How companies emerge into the light of day will depend on their resilience — their ability to successfully mitigate the risks and threats through informed insights and solid preparation.
October 27, 2021
Senior Managing Director, South Africa Leader
Senior Managing Director, Head of South Africa Forensic & Litigation Consulting
Senior Managing Director
Managing Director, Head of South Africa Strategic Communications
Forensic & Litigation Consulting