Year after year, people and businesses contend with geopolitical instability and conflicts, devasting weather events, economic volatility, and dynamic technology innovations that are redefining risk-reward trade-offs. Organizations continue to feel the ripple effects of external events that most would consider improbable — but by their very nature, these external events have systemic impacts. By failing to prepare, organizations struggle to remain resilient and face significant downfalls. Risk professionals should use this report to gain a better understanding of systemic risks, their effects on businesses, and how to mitigate them.