Survey gives a snapshot of crisis management in German companies
- Published: Tuesday, 21 March 2023 10:27
In a Civey survey, the Resilience Radar 2023, commissioned by F24, more than 1,000 private-sector executives from German companies across all industries were asked about their assessment of the current threat situation and crisis management in their company.
62 percent said that their company had taken concrete measures to be better prepared for future crises. 55 percent of respondents rated their company's crisis capability as ‘rather good’ or ‘very good’. Only one in five companies does not consider itself to be sufficiently well positioned for future crises. Nevertheless, the survey also reveals potential for improvement: Just under a third (32 percent) of decision-makers say that their company systematically learns from past crises. Only 11 percent have a structured risk reporting system. Resilience in crisis situations is a strategic goal for only 19 percent.
The biggest threat scenarios for German companies
The executives surveyed cited skyrocketing costs for energy and raw materials (57 percent), a shortage of skilled workers (50 percent) and an outage in electricity and gas supplies (42 percent) as the biggest threats to business. Potential supply chain stoppages are also a problem for more than one in three companies (34 percent). Just under a quarter (23 percent) Less concrete risks such as climate change and the associated increased occurrence of climate catastrophes are perceived as far less threatening (8 percent) than the states of emergency currently prevailing in Europe due to the war in Ukraine or the current price trend.
Need to catch up in systematisation and use of digital technologies
At least one in three companies has already started here and taken measures to improve the protection of their particularly critical and sensitive areas (30 percent) and the early identification of risks (29 percent). However, there is still some catching up to do when it comes to the use of information technologies and the systematisation of crisis management. Only 12 percent already have staff specifically trained in crisis management. Just under half of respondents (45 percent) agree with the statement that the use of modern technologies such as artificial intelligence and digital crisis management solutions can help them get through crises better. However, only 12 percent of respondents say their company already uses digital crisis management tools. Only 7 percent have already taken resilience measures aimed at automating their operations in crisis situations.
The full results of the Resilience Radar 2023 can be found here.