Risk management has a reputation for caution and deliberation, but not moving fast enough can be a risk in itself. The new space race taking place between Elon Musk and Jeff Bezos provides Stephen with the illustration for this point. The two American billionaires are markedly different in the way they approach risk, both offering lessons for enterprise risk managers across sectors.

A broken link in the supply chain can lead to severe disruption and is a risk only partially protected by insurance. With events of the last two years still presenting challenges for businesses, what more can they do to manage and mitigate supply chain risk?

Part of the Airmic EXPLAINED series of guides, this guide provides an introduction to the concept of risk appetite and addresses the myths, and the links with culture, maturity and sustainability. Defining and implementing risk appetite (often also referred to as a risk attitude) is a strategic activity that involves the Board and top management, as it must be aligned with strategic objectives, and requires consensus and engagement from the organisation’s leadership. This guide is essential reading for those new to the risk management profession, or for those who find themselves with a responsibility for risk management as part of a wider role.

Risk managers deal with varying degrees of risk on a daily basis, but few could have predicted the scale and severity of the coronavirus pandemic. Whilst many have adjusted to a new style of ‘business as usual’, the impact of the virus on their own resources, business results, supply chain, and local economy has been massive.