Nearly 75% of CFOs are concerned about the risks they may face over the next 12 months, and more than half say their company isn’t fully prepared to meet the current risk landscape, according to a new study by trade credit insurer Euler Hermes Americas.

The survey analyzed responses from US CFOs and those in related jobs at companies with at least $5 million in annual revenue.

Achieving growth, dealing with competition, responding to regulatory changes, and lack of cash-flow predictability were respondents’ top concerns, according to the study. Fifty-eight per cent (58%) of respondents said that they didn’t feel fully prepared to handle the current risk landscape.

“Today’s market conditions can change in the blink of an eye,” said James Daly, president and CEO of Euler Hermes Americas. “The only way to prepare for today’s volatility is to plan for all possible scenarios. Having the right partners and tools in place to create proactive risk-mitigation strategies makes that possible.”

Non-payment events are among the top concerns of CFOs, with 70% considering a non-payment event a threat to their businesses. Seventy-two per cent (72%) of respondents reported experiencing a non-payment event in the last three years. Trump administration tariffs were also cause for concern, with 70% of those surveyed saying the tariffs could at least moderately impact their companies.