According to the new report, following a year of unprecedented cyber-attacks, business interruption and supply chain disruption, and natural catastrophe activity, these three perils are foremost in the minds of survey respondents in 2022. Meanwhile, awareness of the risks of climate change is growing among companies, achieving its highest-ever position of sixth in the Allianz Risk Barometer. AGCS CEO Joachim Mueller notes in the new report that "'Business interrupted’ will likely remain the key underlying risk theme in 2022. For most companies, the biggest fear is not being able to produce their products or deliver their services. 2021 saw unprecedented levels of disruption, caused by various triggers. Crippling cyber-attacks, the supply chain impact from many climate change-related weather events, as well as pandemic-related manufacturing problems and transport bottlenecks, wreaked havoc. This year only promises a gradual easing of the situation, although further Covid-19-related problems cannot be ruled out. Building resilience against the many causes of business interruption is increasingly becoming a competitive advantage for companies.”
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