• 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.
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.
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?
The Arab world needs thriving startups to truly deliver on its potential. By championing them, the private sector can help everyone share in their success.