Some risks are always top of mind. Others are evolving over time. In this report, we explore the Top 10 economic, social and political risks Canadian businesses face.

Top 10 Global Risks Facing Canadian Companies

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Your guide to the Top 10 global risks facing Canadian companies in 2018

Most economic risks start out so small that we can barely see them. But if your business doesn’t have a plan, these “small” risks can quickly become big problems in the global export market.

In this report we help you identify – and plan for – the Top 10 economic, social and political risks facing Canadian businesses today.

This guide will tell you everything you need to know about preparing for the major risks the global economy will reveal in 2018 and beyond.

The 2018 fall edition of the Top 10 Risks guide features a “bonus risk” that looks at automation and technology.

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Tell us where your business is at in its growth strategy.

Building a business growth plan

Actively looking for business growth opportunities

Looking to expand to new markets

 
 

Take your first step selling to the U.S. while managing your risks.

  • Use this information to plan your entry into the U.S.
  • See which top risks you might face in the U.S.
  • Develop risk management strategies for the U.S.
 
 

Gain in-depth analysis of current global events to consider when selling globally.

  • Dive deep into U.S. and overseas challenges
  • Use these insights to decide which markets make the most sense for your business
  • Manage the risks of selling into your target markets
 
 

Top trade economists help exporters sort through the noise by aligning on top global risks.

  • Hear our economists’ perspective on the likelihood and outcomes of global risks
  • Don’t let potential risks derail your expansion plans
  • Give your team the tool they need to minimize risks in your next target market
 

In this guide

Fortress America
The current uncertainty about U.S. trade policy, and what any changes may mean for Canadian companies, is the number-one risk for many of our businesses. Will it become harder to move products and people across the border?

Global Recession
If history and the business cycle are any guide, another recession is around the corner. Find out how you can prepare for the inevitable.

Cyberattack against a major private or public entity
The threat of a major cyberattack is increasing. The May 2017 ransomware attack, which infected computer systems around the world, is only one instance of how widespread and severe this risk has become.

With the right information and strategy, Canadian companies can minimize these and other risks in order to maximize on the opportunities this $450 billion export market brings.

Fortress America
The current uncertainty about U.S. trade policy, and what any changes may mean for Canadian companies, is the number-one risk for many of our businesses. Will it become harder to move products and people across the border?

A disorderly Brexit
Britain is scheduled to formally leave the European Union in 2019. How the UK relates to the EU will depend on the results of the exit negotiations and how much can be preserved of the existing trade relationship — but the negotiations are proving to be challenging.

Automation and technology lead to spike in youth unemployment
With artificial intelligence and machine learning advancing in leaps and bounds, the risk of automation pushing human workers out en masse is finally here.

With the U.S. and the EU ranked as our #1 and #2 most important trading partner, monitoring the events in this guide will help Canadian companies grow into these lucrative markets.

Global protectionism
The Organization for Economic Cooperation and Development has warned against the increasingly protectionist stance of some economies and the damage this could cause if it led to a global spread of trade barriers.

Global recession
If history and the business cycle are any guide, another recession is around the corner. Find out how you can prepare for the inevitable.

Tensions on the Korean peninsula
The risk of an escalation of current tensions between North and South Korea has become more significant because of the recent increase in North Korean missile tests, and because global powers do not seem to have good policy options for addressing the situation.

You have likely been on the receiving end of a business deal gone wrong. These insights are the top 10 global risks you need to keep top of mind as you aggressively pursue your growth strategy.

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Top 10 Global Risks Facing Canadian Companies was last modified: September 10th, 2018 by Export Development Canada.