Commercial Risk, October 18, 2023

Riskonnect says companies can do more to manage their enterprise risks.

Talent shortages and layoffs came out as the leading risk for businesses, followed by recession risk, according to a survey of 300 global risk professionals by risk management solutions firm Riskonnect.

“Many companies can’t find and hold onto the skilled workers they need, which raises considerable risks and threatens the global economy,” Riskonnect said.

It added that 68% of organisations feel they face a higher cybersecurity risk because of skills shortages, while the semiconductor industry risks 1.4 million jobs going unfulfilled by 2030.

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