KUALA LUMPUR: Insights from the International SOS Risk Outlook 2024 said 65 per cent of risk professionals believe the world has become more dangerous over the past year, and about three-quarters expect employee mental health to significantly impact their organisations this year.
The report said 74 per cent of surveyed risk management experts anticipate major disruptions due to geopolitical tensions in 2024.
In 2023, 47 per cent of global alerts shared by International SOS were related to political violence and unrest.
"Furthermore, 38 per cent of experts believe their organisations are unprepared to respond to social or civil unrest," said International SOS in the Risk Outlook 2024 report.
The 2023 Edelman Trust Barometer reveals that 53 per cent of countries feel more divided than ever, with distrust in government as a key driver.
"This distrust extends to public services, with employees now trusting their employers more as information sources. Organisations need to develop comprehensive programmes to safeguard employees, including workplace violence prevention, escalation planning, and clear policies on acceptable behaviour," said the report.
The relentless cycle of crises not only disrupts operations but also poses a mental health risk for employees.
Prolonged exposure to geopolitical tensions, cost-of-living impacts, and uncertainty has heightened stress, anxiety, and burnout.
The report said organisations must address this head-on to mitigate the multifaceted impact of geopolitical issues.
International SOS global security director Sally Llewellyn said the current geopolitical landscape is a perfect storm of interconnected crises, with cascading effects on global security.
"Conflicts arise with little warning, and political instability can rapidly escalate. Organisations face added challenges with the upcoming wave of global elections, which may increase misinformation and disinformation," she added.
International SOS global health advisor Dr. Rodrigo Rodriguez-Fernandez said periods of geopolitical turmoil can exacerbate employee mental health challenges. "Clear and reliable communication is critical for reducing employee stress and anxiety," he added
International SOS recommends various strategies to navigate rising geopolitical risks, it includes enhancing situational awarenes; developing targeted crisis communication plans; conducting scenario planning exercises; implementing comprehensive crisis response training; providing mental health support, and continuously adapting crisis management processes.