The 2024 Gallagher Business Risk Index paints a detailed picture of the challenges facing UK businesses. Based on insights from 1,000 business leaders, the survey reveals that economic pressures remain front of mind across industry sectors.
Key insights
- The high cost of materials and cost-of-living crisis were ranked as the top two risks buy medium and large firms.
- Employee-related risks, which have ranked high in previous years, have been overshadowed by concerns like cash flow, late payments, and market volatility.
- Cybercrime remains high on the agenda, ranking third in this year’s survey.
- Climate change has risen into the top ten concerns, highlighting the significant impact of extreme weather events—both globally and locally—on business operations.
Whether your business is facing these challenges head-on or anticipating future risks, this report provides some of the mitigation strategies to help navigate these uncertain times.
