Companies are confident that the worst of two key disruptors of recent times, the pandemic and the energy crisis, are behind them. However, business interruption remains a key concern as firms are challenged to build resilience and diversify supply chains in a rapidly changing world. Credit: jozefmicic/Adobe Stock
Business interruption (BI) ranks second in the Allianz Risk Barometer 2024, an annual survey that asks more than 3,000 risk management experts around the world to identify their top business challenges for the year ahead, behind the closely linked peril of cyber.
It ranks among the top three risks for companies of all different sizes surveyed, and is the second biggest concern in the Americas, Europe, Asia Pacific, and Africa and Middle East regions. With almost all companies reliant on supply chains for critical products and services, it is little surprise that business interruption and supply chain disruption remain at the forefront of risk. It is the extent of the disruption that becomes the focus point. Some sectors of industry operate with supply chains that have extensive geographic footprints.
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