I still have lots of concerns internationally. China is on everybody's worry list. China has become extremely important to global trade. It supplies electronic components around the world. He felt the energy sector was most at risk.
Energy has very long supply chains, lots of intermediaries for refining and distribution.
There could be an energy crisis if there are breaks in that supply chain. Concerns About Germany, France And de Jager still has suspicions about some countries' readiness, notably Germany and France. I don't have enough information to comment, which says a lot in itself. Germany is bizarre. It is a highly automated society.