Key risks for SMEs in 2015

Small and medium-sized enterprises (SMEs) around the world are increasingly concerned about the impact of competition on margins and lack of consumer demand, according to Zurich Insurance Group’s (Zurich) third annual global SME survey.

The survey polled 3000 C-suite executives and managers at SMEs across 15 countries in EMEA, the Americas and Asia-Pacific. Of those respondents, just over a third (34 percent) rated the impact of competition on margins as the greatest risk facing their business, in line with previous years. Lack of consumer demand is the second greatest risk and has increased in importance since 2013: up from 24 percent to 32 percent. Legal and fiscal problems are up three percentage points at 14 percent, and reputational damage is five percentage points higher at 13 percent, ranking as the third and fourth greatest risks respectively.

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