{"id":927169,"date":"2026-01-14T05:08:06","date_gmt":"2026-01-14T10:08:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/global-business-challenged-by-rapid-emergence-of-a-new-age-of-competition\/"},"modified":"2026-01-14T05:08:06","modified_gmt":"2026-01-14T10:08:06","slug":"global-business-challenged-by-rapid-emergence-of-a-new-age-of-competition","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/global-business-challenged-by-rapid-emergence-of-a-new-age-of-competition\/","title":{"rendered":"Global Business Challenged by Rapid Emergence of a New Age of Competition"},"content":{"rendered":"

<\/p>\n

Global Business Challenged by Rapid Emergence of a New Age of Competition<\/b><\/p>\n

LONDON–(BUSINESS WIRE<\/a>)–
\nGlobal business leaders are facing mounting risks, as deepening geopolitical divides, along with growing technological and societal challenges, are expected to continue to shape the business landscape over the next 12 months. This is according to senior leaders at Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, and Zurich Insurance Group (Zurich), a leading global multi-line insurer and provider of resilience services, commenting on findings of the World Economic Forum\u2019s Global Risks Report 2026,<\/i> released today. Marsh and Zurich are strategic partners of the World Economic Forum and members of its Global Risks Advisory Board.<\/p>\n

\nWhile geoeconomic confrontation, state-based armed conflicts, extreme weather events, societal polarization, and misinformation and disinformation were identified by respondents as the top five immediate risks in 2026, misinformation and disinformation and societal polarization rose to second and third place in the two-year outlook.<\/p>\n

\nAndrew George, President, Specialty, Marsh Risk, commented: \u201cDeepening divisions are at the center of the societal risks we all now face, from social fragmentation and inequality, to declining health and wellbeing<\/a>. Despite the growing severity of these global risks, major governments are moving away from many established frameworks designed to tackle our shared challenges. As a result, divided societies are being driven closer to the brink of social instability and increased conflict.\u201d<\/p>\n

\nIn the longer term, the report\u2019s findings underline the emergence of a new age of global competition, with all 33 risks \u2013 except geoeconomic confrontation \u2013 predicted to increase in severity by business leaders over the next 10 years. According to the report, 57% of respondents predict a turbulent or stormy outlook in the next decade. The 10-year outlook is strongly dominated by the environmental and technological risks.<\/p>\n

\nAlison Martin, CEO Life, Health and Bank Distribution at Zurich, said: \u201cBusiness leaders in major economies are deeply worried about pensions and public health<\/a>. These gaps threaten both workforce wellbeing and social stability. Yet, it\u2019s striking that societal risks \u2013 like declining health, lack of public infrastructure and social protections \u2013 barely register in the 10-year risk outlook, even though their effects are already reshaping our world. If we don\u2019t act with urgency and collaboration, we risk ignoring the very threats that could define our future.\u201d<\/p>\n

\nAccording to the report, advancements in artificial intelligence (AI) and quantum computing will greatly impact labor markets, societal structures, infrastructure and geopolitics, and may contribute to widening global economic gaps. Critical infrastructure \u2013 exposed to various threats, from the cutting of undersea cables to the disruption of satellites \u2013 will also require substantial investment for modernization.<\/p>\n

\nPeter Giger, Group Chief Risk Officer, Zurich, added: \u201cDespite extreme weather, cyberattacks and geopolitical conflicts posing escalating threats, disruptions to critical infrastructure ranked just 23rd among global risks for the next decade. This is a dangerous oversight<\/a>. From power grids strained by record heat to coastal cities at risk from rising seas, we rely on systems that are underprepared and underfunded. When infrastructure fails, everything else is at risk. We must recognize how interconnected these threats are and invest now to strengthen resilience before the next crisis hits.\u201d<\/p>\n

\nMr. George concluded: \u201cAdvancements in AI and quantum computing<\/a> are rapidly reshaping labor markets and geopolitics, with profound implications that will revolutionize individuals\u2019 lives, enhance our health and prosperity, and shape the future of nations. As automation and quantum breakthroughs accelerate, government and business must work together to address the challenges created by role redundancy, economic concentration, and the potential for systemic disruptions in critical infrastructure and digital trust.\u201d<\/p>\n

Further information<\/b><\/p>\n

\nMarsh and Zurich\u2019s outlook draws on the findings of the World Economic Forum\u2019s 21st edition of the Global Risks Report. The report gathered survey insights from 1,300 experts and 11,000 business leaders, alongside interviews with hundreds of subject matter experts, to assess how they view risks in the near, short and long term. The Global Risks Report is produced by the Global Risks Initiative at the World Economic Forum\u2019s Centre for the New Economy and Society.<\/p>\n

Read further insights about the Global Risks Report<\/b><\/p>\n

\n\u201cHow can businesses navigate technology risks and opportunities in a competitive age?<\/a>\u201d by Andrew George, President, Specialty, Marsh Risk<\/p>\n

\u201c<\/b>Why critical infrastructure is a ticking time bomb<\/a>\u201d, by Peter Giger, Group Chief Risk Officer, Zurich<\/p>\n

About Marsh<\/b><\/p>\n

Marsh<\/a> (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $24 billion and more than 90,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit corporate.marsh.com<\/a>, or follow us on LinkedIn<\/a> and X<\/a>.<\/p>\n

About Zurich Insurance Group (Zurich)<\/b><\/p>\n

\nZurich Insurance Group (Zurich)is a leading global multi-line insurer founded more than 150 years ago, which has grown into a business serving more than 75 million customers in more than 200 countries and territories, while delivering industry-leading total shareholder returns.<\/p>\n

\nReflecting its purpose to \u2018create a brighter future together,\u2019 Zurich offers protection services that go beyond traditional insurance, to support its customers in building resilience. Since 2020, the Zurich Forest project supports reforestation and biodiversity restoration in Brazil\u2019s Atlantic Forest.<\/p>\n

\nThe Group has more than 63,000 employees and is headquartered in Zurich, Switzerland. Zurich Insurance Group Ltd (ZURN) is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information is available at www.zurich.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260114285018\/en\/<\/a><\/span><\/p>\n

\nMedia contact:
\n
Eileen Mercer
\n
+44 (0)7990 802 830
\n
Eileen.Mercer@marsh.com<\/a><\/p>\n

KEYWORDS:<\/b> Europe Switzerland United Kingdom<\/p>\n

INDUSTRY KEYWORDS:<\/b> Consulting Professional Services Insurance Business<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Global Business Challenged by Rapid Emergence of a New Age of Competition LONDON–(BUSINESS WIRE)– Global business leaders are facing mounting risks, as deepening geopolitical divides, along with growing technological and societal challenges, are expected to continue to shape the business landscape over the next 12 months. This is according to senior leaders at Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, and Zurich Insurance Group (Zurich), a leading global multi-line insurer and provider of resilience services, commenting on findings of the World Economic Forum\u2019s Global Risks Report 2026, released today. Marsh and Zurich are strategic partners of the World Economic Forum and members of its Global Risks Advisory Board. While geoeconomic … <\/p>\n

Continue reading “Global Business Challenged by Rapid Emergence of a New Age of Competition”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-927169","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGlobal Business Challenged by Rapid Emergence of a New Age of Competition - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/global-business-challenged-by-rapid-emergence-of-a-new-age-of-competition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Business Challenged by Rapid Emergence of a New Age of Competition - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Global Business Challenged by Rapid Emergence of a New Age of Competition LONDON–(BUSINESS WIRE)– Global business leaders are facing mounting risks, as deepening geopolitical divides, along with growing technological and societal challenges, are expected to continue to shape the business landscape over the next 12 months. This is according to senior leaders at Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, and Zurich Insurance Group (Zurich), a leading global multi-line insurer and provider of resilience services, commenting on findings of the World Economic Forum\u2019s Global Risks Report 2026, released today. Marsh and Zurich are strategic partners of the World Economic Forum and members of its Global Risks Advisory Board. 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