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Global Risks to Business in 2009

By Joan Goodchild

Global business will face serious risks and challenges in 2009 as the effects of the financial crisis are felt around the world and many countries struggle to stay stable. Food and power shortages will become unavoidable in certain countries. Kidnapping and piracy, which have been successful techniques for criminals in some countries, will catch on. The crimes will become more popular in other parts of the world as copy cats take note and try it in their own get rich schemes.

In this slideshow, we highlight some of the key challenges facing businesses around the world in 2009, according to Control Risks, an independent, specialist risk consultancy.

Source: Control Risks' International Kidnap Online Service

Kidnapping: No longer just a Latin American problem

These charts show us how global kidnapping activity has shifted in just five years. In 2003, Latin America accounted for more than 65 percent of the world's kidnap-for-ransom schemes. In 2008, that dropped to 42 percent, with activity picking up significantly in Africa, the Middle East and Asia.

"Criminals across the globe are copying activities and techniques from other places," said Linsker.

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