​With pandemics, war, energy crises, record inflation and supply chain disruptions, the past three years have brought wave after wave of uncertainty and insecurity, changing the way companies assess risk.

The risks listed above are closely related to each other, which means that they can reinforce each other and the impact can be much stronger. For example, the war in Ukraine caused an energy crisis and record inflation, prompting central banks around the world to step in by raising interest rates. All three issues are immediate, headline-grabbing issues that amplify and exacerbate each other, directly impacting companies’ growth and profitability.

Furthermore, what may start as a technology breach can quickly become a huge operational, financial and reputational risk.

What risks do CEOs see in the short term?

Given the events of the past year, it is not surprising that CEOs globally, including from Romania, have indicated that their companies are exposed to financial risks such as inflation, economic instability and geopolitical risk in the short term, as evidenced by data from the latest CEO Survey 2023 report.

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The article is signed by Mircea Bozga, risk assurance partner of PwC in Romania

Article supported by PwC Romania