Retail is critical to the economy of the UAE. In Dubai, for example, it makes up just over a quarter of our gross domestic product. Harking back to our long history of trading and our mercantile spirit, you could say that retail is in the country's DNA.
• A more agile approach to risk management is needed post-COVID.
• Annual risk assessment should make way for continual 'horizon-scanning' for possible business threats.
• This level of preparedness and planning should permeate entire company cultures.
This year’s Davos Agenda centres on the urgent task of rebuilding trust to deliver a more inclusive, cohesive and sustainable future. But with the inspiring global vaccine effort signalling an end to the pandemic, is there a danger that we – as a global business community – could revert to business as usual?