
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.
Read the rest of the article on the PwC Romania blog
The article is signed by Mircea Bozga, risk assurance partner of PwC in Romania
Article supported by PwC Romania
Source: Hot News

Ashley Bailey is a talented author and journalist known for her writing on trending topics. Currently working at 247 news reel, she brings readers fresh perspectives on current issues. With her well-researched and thought-provoking articles, she captures the zeitgeist and stays ahead of the latest trends. Ashley’s writing is a must-read for anyone interested in staying up-to-date with the latest developments.