![]() Unsurprisingly, given the current ‘permacrisis’, business interruption and supply chain disruption ranks as the second top risk in this year’s Allianz Risk Barometer (34%). It is second only to cyber incidents (by just a few votes, also on 34%), whose top position reflects the importance of today’s digital economy, the evolving threat from ransomware and extortion, as well as geopolitical rivalries and conflicts increasingly being played out in cyber space. Cyber risk and business interruption (BI) are closely linked with cyber also ranking as the cause of BI companies fear most. The pandemic came as a massive shock to business models, creating global shortages, delays and higher prices, while the war in Ukraine triggered an energy crisis, particularly in Europe, turbo-charging inflation. Despite positive moves to diversify business models and supply chains since Covid-19, businesses continue to experience significant disruption around the world.
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