Multiple overlapping global risks have converged in recent years to create what historian Adam Tooze and the World Economic Forum have termed a ‘polycrisis’. Governments at all levels are being challenged to mitigate the effects of climate change, price instability, and public health crises (among others). In the interim, businesses of all types—regardless of size or sector—are tasked with navigating a volatile and unprecedented economic environment without any clear solution.
But just because there’s no single solution doesn’t mean there are no solutions. In this series, we outline practical and achievable approaches for business leaders to consider as they confront the ongoing and emerging challenges of our time.
Businesses hit hard by economic conditions may receive greater scrutiny from their lenders. This article offers advice to help manage.
While most companies can manage the normal problems that affect businesses, adapting to the unprecedented challenges of today’s economy may require additional, specialized support—we can help. For guidance on how to confront the polycrisis, contact one of our advisors today.