Rising uncertainty—driven by a set of global disruptions and exacerbated by macroeconomic headwinds—needs to be met head on Global disruptions Macroeconomic headwinds Geopolitical tension With tension unlikely to ease soon, organizations need to rethink—not just Soaring inflation derisk—their business models for greater advantage in a multipolar world. Inflationary pressure and consumer demand shifts continue to affect global businesses with impacts on labor, energy, and materials costs. Supply chain bottlenecks How will inflation evolve globally and how can leaders blunt its impact Bottlenecks will continue, increasing strategic importance of agile & on their businesses? sustainable supply chains to support strategies and boost advantage. Tech disruption Rising interest rates The inexorable rise of new technologies (e.g., AI, quantum) Central banks are moving carefully and decisively to tamp down will raise the bar for disruptive innovation and reinvention. inflation via higher interest rates with knock-on effects for Uncertainty d. borrowing costs, investment levels, and relative currency values. erve Consumer behavior shifts How will rising interest rates affect capital access for businesses res Consumers are rapidly changing their purchasing behavior as a and consumers, and will rate increases create tectonic shifts in rights competitiveness around the world? lAl result of recent disruptions (e.g., COVID-19). . oupr People challenges G ting Uncertain recession outlook sul Talent is a critical source of advantage; companies focused on people, Con culture, and new ways of working perform stronger in uncertainty. Global economic sentiment has been gloomy, with recession ton indicators mixed and a wide range of forecasts. osB by 2 Climate change What is the economic outlook, how does it differ from previous 202 The climate crisis, the defining challenge of our time, is challenging companies downturns, and how will it play out across sectors? © to step up with ambitious ESG and net-zero strategies and commitments. ight 4 opyrC