Simultaneous failure of just two low-risk firms can cause up to 257 times the systemic damage of their separate failures, driven by the breakdown of supplier substitution.
Quantifying firm-level economic systemic risk from nation-wide supply networks.Scientific Reports, 12(1): 1–13, 5 2022
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Catastrophic disruption cascades driven by the nonlinearity of systemic risk
Simultaneous failure of just two low-risk firms can cause up to 257 times the systemic damage of their separate failures, driven by the breakdown of supplier substitution.