The ninth edition of Aon’s Global Risk Management Survey highlights that conducting business has not become any easier since 2021; rather, it has become more volatile and uncertain.
The survey, based on responses from nearly 3,000 participants across 61 countries and territories, delves into the shifting landscape of risks and the challenges faced by organisations worldwide.
The COVID-19 pandemic, a significant factor in the 2021 survey, continues to cast a long shadow. Hackers, exploiting cybersecurity vulnerabilities, emerged as a top concern for businesses in 2021, setting the stage for increased vigilance in the face of evolving digital threats.
Over the past two years, the global economy experienced a whirlwind of macroeconomic and geopolitical changes. While the predicted widespread recessions did not materialise, economic growth in key regions, including China, the EU, and the U.S., slowed significantly. Several Eurozone countries, including Germany, found themselves in a recession.
Protracted inflation, fluctuating interest rates, geopolitical volatility, and workforce shortages further complicated the global economic landscape.
These challenges, combined with frequent and severe…
