To secure a sustainable, inclusive future in a world of continuous, overlapping disruptions, leaders are recognizing the critical need to invest in long-term resilience.
The Resilience Consortium, a high-level leadership group of ministers, CEOs, and heads of international organizations, promotes alignment on key resilience themes and the steps necessary for building resilience in the face of ongoing natural and man-made disruptions. This white paper, written by the World Economic Forum in collaboration with McKinsey & Company, highlights the importance of long-term planning and international collaboration in achieving sustainable and inclusive growth. The paper emphasizes that actions must be taken on multiple fronts, including climate, food and energy, education, healthcare, economic development, trade and supply chains, technology and finance. The paper puts forward the “resilience agenda”, consisting of frameworks for the private and public sectors to continuously evaluate and improve their resilience strategies.
The cost of inaction is high: research shows that in specific sectors or countries, the consequences of action or inaction can be plus or minus 15% in GDP performance, making it a crucial effort for leaders to align and act on in the face of ongoing disruption.