Disruption to resilience – The Economic Times


Facing a world of continuous, overlapping disruptions, leaders are recognising resilience as the imperative condition for securing a sustainable, inclusive future. At the World Economic Forum Annual Meeting in Davos in May 2022, government, business and non-profit leaders came together resolutely around this theme.

Amid severe climate events, a still-smoldering pandemic and a tragic war in Europe, we launched the Resilience Consortium…. Leading organisations have joined the consortium steering committee, which is supported by the World Economic Forum and McKinsey & Company….

In our earlier paper, Resilience for Sustainable, Inclusive Growth, we defined the strategic resilience areas, including climate, food, supply chains, technology, organisation, education and healthcare…. The Resilience Consortium emphasises that resilience building must be accomplished jointly and in a coordinated effort by the public and private sectors.

The coordination must extend as well across the resilience areas. These have become deeply interconnected in ways that are not always apparent until crisis strikes. We must, therefore, explore the interconnections and the vulnerabilities they might hide to ensure that efforts in one resilience area are aligned with the goals in the others and accelerate progress towards them.

From ‘Seizing the Momentum to Build Resilience for a Future of Sustainable Inclusive Growth’, McKinsey & Co



Source link