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The Largest Global Risks to Business in 2016

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The Largest Global Risks to Business in 2016

Image courtesy of: Raconteur

The Largest Global Risks to Business in 2016

Every year, the World Economic Forum releases an updated list of the top risks to business based on its survey to 750 members of the organization’s global multistakeholder community. Today’s charts and graphics from Raconteur sum up the essentials of this year’s Global Risks report to provide a neat and tidy introduction to the potential pitfalls that could impact markets around the globe.

To start, here are the top 10 risks to business, sorted by potential severity:

Global Risks by Impact

Of the top 10 risks, the WEF has rated “failure of climate change mitigation and adaptation” as the highest impact. In terms of probability, “large-scale involuntary migration” took the cake.

In general, economic risks such as “energy price shock”, “fiscal crises”, and “asset bubble collapse” are fairly prominent. Environmental risks are also high, with the organization foreseeing potential “water crises” and the possibility of an “ecosystem collapse” in the near future.

No technological or geopolitical risks made the top 10 in terms of impact, though you will note in the first map that cyberattacks are the most likely risk for North America.

Risks of High Concern

The results get more interesting as we pare down responses based on two very different time horizons. Here’s the risks that were of the highest concern to business leaders within the next 18 months:

Global Risks of Highest Concern in next 18 months

Societal, geopolitical, and economic risks take center stage. These contrast greatly with the following list, which sums up the risks of highest concern over a longer time horizon:

Global Risks of Highest Concern in next 10 years

It’s all environmental and societal, with concerns about food, peak water, and the climate dominating the bunch.

Risks to Business Over Time

Curious about how the risks to business have changed over time?

The following graphic shows how the top risks by likelihood, and how the list has evolved from 2012 until today:

Risks to business over time

All of the World's Money and Markets in One Visualization

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Retail

The World’s Top Retail Companies, by Domestic Revenue

As price pressures and e-commerce reshape shopping behaviors, we show the top retail companies by domestic revenue around the world.

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This circle graphic shows the world's top retail companies by domestic revenue.

The World’s Top Retail Companies, by Domestic Revenue

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

The retail sector plays a vital role in powering economies, contributing $5.3 trillion annually to America’s GDP alone.

Moreover, the industry is America’s biggest private-sector employer, responsible for one of every four jobs, or 55 million employees. Yet in today’s challenging consumer environment, retailers are facing higher e-commerce penetration and inflationary pressures—across an industry notoriously known for razor-thin margins.

This graphic shows the world’s top retail companies by domestic revenue, based on data from the National Retail Federation.

Methodology

To be included in the rankings, companies must engage in a goods-for-consumer resale business accessible to the public and have direct selling operations in a minimum of three countries.

The rankings include both publicly and private companies, and are based on the most recent 52-week period analyzed by the National Retail Federation between January and March 2024. All revenue figures were converted to U.S. dollars.

Ranked: The Top 10 Global Retailers by Domestic Sales

Here are the leading retailers worldwide based on domestic sales as of 2023:

RankingRetailerDomestic Retail Revenue
(USD)
Share of Total Retail RevenueHeadquarters
1Walmart$532.3B85%🇺🇸 U.S.
2Amazon.com$250.0B70%🇺🇸 U.S.
3Costco$175.4B75%🇺🇸 U.S.
4The Home Depot$142.0B94%🇺🇸 U.S.
5Walgreens Boots Alliance$105.1B89%🇺🇸 U.S.
6Alibaba$91.5B97%🇨🇳 China
7Apple$70.9B87%🇺🇸 U.S.
8Aeon$64.3B93%🇯🇵 Japan
9Schwarz Group$56.5B32%🇩🇪 Germany
10Rewe$55.5B75%🇩🇪 Germany

Walmart towers ahead as the world’s largest retailer with $532 billion in domestic revenue—more than Amazon.com and Costco combined.

Known for its everyday low prices, Walmart achieves a competitive advantage through pricing goods approximately 25% cheaper than traditional retail competitors. Overall, groceries make up more than half of total sales. While its main customer base is often low and middle-income shoppers, the retail giant is seeing a surge in sales from higher-income customers as shoppers seek out lower grocery prices.

E-commerce giant, Amazon, is the second-biggest retailer globally, commanding nearly 40% of online retail sales in America. Since 2019, the number of Amazon employees has grown from 800,000 to over 1.5 million in 2023.

While the company has tried to introduce online grocery platforms to the market, it has largely fallen flat given its clunky system in a highly competitive market.

Like Amazon, China’s e-commerce juggernaut, Alibaba, stands as a leading global retailer. Overall, 97% of revenues were generated domestically through online marketplaces Taobao and Tmall. In recent years, the company has focused on international expansion, delivering products to 11 markets including America, in just five days.

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