Some of the potential risks faced every day by organisations in the retail and wholesale realm are: Workers’ compensation premiums and losses, cyber exposure and data breaches, product contamination, domestic and international government regulations and incidents both natural and man-made. Any of these can create significant challenges, ranging from third-party liability to business interruption to reputation damage.
Not only is the retail and wholesale industry exposed to the above risks, it is an increasingly competitive and flexible market, which requires the speed and agility to respond quickly to customer needs. The ability to satisfy customer expectation requires constant improvement in operational infrastructure, while increased reliance on technology platforms presents a range of new risks and challenges for all. Marsh can support you in identifying, quantifying and managing these risks by:
- Working with you to help identify your reputational risk exposure and provide recommendations for the prioritisation and treatment of any potential risk area.?
- Assessing your cyber risk exposure to improve risk control and explore insurance options.
- Understanding the global nature of your operations to assess, prepare and protect against political risk exposures.
- Building resiliency into your organisation and its supply chain as well as developing robust business continuity and crisis management plans.