Procurement Magazine January 2026 Issue 49 | Page 94

LATEST FIGURES

Large corporates, mid-size and smaller businesses all perceive cyber incidents as their # 1 business risk
Some risks that have preoccupied larger companies are now starting to bite smaller firms too, with climate change and political risks and violence climbing the ranking
Cyber incidents( 38 % of overall responses) rank as the most important risk globally
More than 60 % of respondents identified data breaches as the cyber exposure companies fear most

FOCUS AHEAD

• In today’ s volatile and interconnected risk environment, businesses need to adopt a holistic approach to risk management and consistently strive to enhance their resilience
• Businesses must focus more on loss prevention and resilience
• Businesses are looking for more support from insurers across the risk management cycle
• Smaller companies have smaller budgets for risk management activities and to find alternative buyers or customers or relocate production
94 January 2026