Summary
With a war in Ukraine, a widespread economic slowdown, and the enduring effects of a pandemic, firms are still feeling the ripple effects of improbable, let alone coincident, external events. By failing to prepare, firms struggled to remain resilient and experienced severe consequences. But rather than embrace systemic risks — those caused by externalities — many firms still regard them as too remote to include in risk planning. Risk pros should use this report to gain an understanding of systemic risks, their effects on the business, and how to mitigate them.
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