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2025 Report on Top Risks

Anticipate and prepare for emerging risks with our expert analysis of global market dynamics and their impact on your business.
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About the research

Our 13th annual Top Risks Survey captured perspectives from board members and executives on macroeconomic, strategic and operational risks in the near and long term.

 

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Global business leaders participated

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specific risks evaluated

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industries analyzed

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Join our expert panel as they discuss the research findings and offer strategies for managing global risks.

Near-term risks

Business leaders ranked critical risks they see on the horizon over the next two to three years. This chart illustrates the top 10 near-term risks worldwide.

The higher the average score, the greater the impact of the risk.

3.11 or higher: Significant impact | 2.70 - 3.10: Potential impact | Less than 2.70: Less significant impact

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Tailored insights

Survey results were examined across eight industries and 12 executive roles.

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The risks that influence an organization's strategy vary by industry. Our analysis covers the leading risks across eight industries and their relevance to leaders focused on fortifying organizational resilience.

Risk priorities differ by leadership position within an organization. We break down the key risks across 12 executive roles to better understand each group’s unique concerns in the shifting global economy.

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How can we effectively integrate AI into our existing business processes without disrupting operations?

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Successful integration of AI requires a clear roadmap that includes pilot testing, stakeholder engagement, and alignment with business objectives. Protiviti’s 2026 report highlights, 31% of executives ranked “Integrating AI with our existing technologies, business processes, or workforce” as one of their top three AI-related risk concerns—making it the joint highest priority alongside data/cyber risks. The report also found that cross-functional collaboration and governance structures are critical, as poor integration is seen as a primary threat to realizing AI’s value. Advisory firms can facilitate workshops to ensure smooth transitions and minimize operational disruptions during AI deployment.

What metrics should we use to evaluate the ROI of our AI investments effectively?

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Protiviti’s global top risks and opportunities report stresses the importance of linking AI initiatives to tangible business outcomes. Notably, 22% of executives identified “significant AI investments with uncertain returns” among their top three concerns, highlighting the need for robust ROI measurements. Suggested metrics include increased operational efficiency, cost savings, improved customer satisfaction scores, and revenue growth linked to AI-driven products. By directly tying AI investments to these outcomes—and continuously monitoring and adjusting strategies—organizations can maximize value and demonstrate accountability to stakeholders.

In what ways can we mitigate risks associated with third-party vendors when deploying AI solutions?

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Protiviti’s 2026 report highlights the risks of third-party dependencies, particularly concerning data security and compliance. Mitigation strategies include conducting thorough due diligence, establishing clear contractual obligations regarding data protection, and implementing continuous monitoring processes. Advisory firms can assist in developing a robust vendor management program to minimize exposure to third-party risks.

What strategies should we adopt to effectively manage talent shortages in our industry?

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Talent challenges were cited as a critical long-term risk by 32% of respondents in Protiviti’s global 2026 top risks and opportunities report, reflecting the ongoing need for workforce evolution. Organizations should invest in upskilling current employees, enhancing recruitment strategies, and fostering a strong organizational culture that attracts top talent. Advisory firms can assist in developing tailored talent management strategies.

What investment priorities should we focus on to drive growth in the current economic climate?

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According to the 2026 Top Risks and Opportunities Survey, 43% of executives selected cybersecurity as a top strategic investment priority, followed by business process improvements (35%) and infrastructure modernization (33%). These investments are essential for balancing growth and resilience.

How do we balance operational efficiency with the need for innovation?

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Protiviti’s Top Risks & Opportunities report highlights that 62% of executives view ecosystem development as a key opportunity for growth, emphasizing collaboration and co-innovation. Organizations should foster a culture of continuous improvement while exploring new technologies and processes. Advisory firms can provide frameworks for balancing these priorities effectively, ensuring long-term sustainability.

What should we consider when evaluating partnerships and alliances for strategic growth?

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Protiviti’s 2026 report notes that strategic partnerships are crucial for success in today’s complex environment. 69% of respondents agreed completely or somewhat that revenue growth opportunities exist despite economic headwinds. When evaluating potential partnerships, consider alignment with your organization's goals, cultural fit, and the potential for co-innovation.

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