The Twin Threats of Aging and Automation

Societal aging and workplace automation are rapidly and fundamentally transforming today’s workplace.

At the confluence of these two trends sit a variety of risks and opportunities for employers. Older workers today face significant risks of displacement at the hands of emerging technologies, and are often overlooked as viable sources of renewed productivity. It is therefore incumbent on employers to redeploy the unique abilities of older workers as part and parcel of any digital transformation strategy.

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Aging Asian Workforces Most Vulnerable to Workplace Automation According to Marsh & McLennan Companies’ Global Risk Center Report

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When Aging and Automation Collide, Which Countries Lose?, Patty Sung, Innovation Leader, Mercer Innovation Hub and Leslie Chacko, Director, Marsh & McLennan Companies' Global Risk Center

Make Digital Literacy a Strategic Workforce Priority, Leslie Chacko, Director, Marsh & McLennan Companies' Global Risk Center

 

The changing nature of work

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The Risk Landscape

Prepare for a new reality.

The increasing complexity of the macro-level risk landscape, with multiple sources of volatility, fast-moving change and scope for widespread reverberations, means that companies must be vigilant about identifying major sources of value destruction and planning agile responses to rapidly developing and potentially uncertain situations.

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The Global Risks Report 2018

Many of the risks that started to crystalize in 2017 could cause sudden breakdowns in global order. This year's report examines some of these potential future shocks, and asks the critical question: what are the risks that could fundamentally disrupt our world, and what can we do to prevent them?

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Economic Storm Clouds

Despite current headline growth rates, a number of underlying economic concerns persist 10 years after the global financial crisis. In addition to the familiar risks of potentially unsustainable asset prices and elevated indebtedness, the world is facing new challenges, including disruptions caused by intensifying patterns of automation and digitization, and a build-up of protectionist pressures.

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Geopolitical Power Shifts

The multilateral, rules- based approaches to international relations that have been the norm since the end of World War II are fraying as many countries seek to re-establish the state as the primary locus of power and legitimacy. The emergence of populist “strongman” leaders is also exacerbating the breakdown of international norms and creating new risks and uncertainties, including rising military tensions and economic and commercial disruptions.