In 2012, a paper by The World Bank, The new financial landscape: what it means for emerging market economies, detailed the game-changing year that global financial markets had experienced.

The events of 2012 had led to several decisive moves by central banks around the world that changed market dynamics and took economies further into uncharted territory.

In 2021, almost a decade later, we bear witness to a whole new era of economic uncertainty and global crises. The COVID-19 pandemic that characterised the entirety of 2020 and now, 2021 and beyond, has introduced unprecedented challenges.

Climate change has also become a pressing priority that has made sustainable and eco-positive corporate strategies a necessity for survival. On top of these changes, Britain’s historic exit from the European Union has also sent waves of change across Europe that will present itself sooner rather than later on a global stage.

In the third quarter of 2021, we are able to look back over the past two years and recognise that the current financial landscape is unlike anything the world has experienced in the past.

Many economies had to be stimulated in order to keep countries functioning through the crisis, and as events continue to unfold, it is clear that this is uncharted territory.

Change is inevitable and vital at this moment in time. To be static in the current business landscape would be the equivalent of a company closing its doors for good. The news from all corners indicates that a business must adapt as quickly as possible.

Given the uncertainty that governs the landscape, however, the risk of any business activity at this point also seems magnified tenfold. This adds to the pressure that the next steps any business takes must be decisive moves towards securing the financial future they have worked towards.

It is clear that despite the accelerated timeline that all these critical priorities must work with, a strategy is necessary to ensure these changes are implemented in a manner that yields the desired results.