Concern about financial instability due to slowdown in various businesses, high interest rates

New Delhi: According to the Horizon Watch Emerging Risks Report 2024 published by Tata AIG General Insurance and Dun & Bradstreet India, 83% of Indian businesses are concerned about technology advancements along with data privacy, security vulnerabilities and regulatory compliance as key risks. Are. Factor.

69% of respondents, including corporates ranging from Tata Motors to ArcelorMittal Nippon Steel India, identified legal challenges as one of the leading contributors to emerging risks. As the regulatory landscape becomes increasingly complex, organizations are increasingly concerned about the potential impact of legal disputes on their operations and long-term strategies.

Environmental factors were another concern, with 68% of businesses rating it as a risk, with extreme weather conditions causing serious disruption to their supply chains. Regulatory changes (67% of respondents) and geopolitical instability (63%) were the other major threats identified by Indian corporates.

Managing emerging risks is critical to the sustainability and growth of any organization and the report aims to empower organizations to anticipate emerging challenges, mitigate risks and ensure business continuity.

The report also highlights that 51% of businesses are concerned about evolving consumer preferences driven by demographics and increasing demand for digital-first solutions, while 48% of businesses are concerned about financial instability due to the persistent recession, rising interest rates Are worried. And inflation, prompting companies to focus more on liquidity and risk management strategies.