Global Economic Risks | |
Population and wealth forecasts by country Monetary exchange rates and market size Regulations, taxes, and tariff laws by county Natural disasters such as earthquakes, tsunamis, volcanoes, hurricanes, and droughts. Workforce skills, pay, and availability
| Franchise and company owned store mix Virtual versus direct sales channel mix Facility locations (headquarters, R&D, factory, warehouse, service centers, distribution hubs, call centers, etc.) Disaster and emergency plans and pre-deployment of resources Multicountry sourcing of suppliers Championing social sustainability in host country
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Government Risks | |
Intellectual/patent rights and protection Man-made disasters such as wars, chemical spills, transportation accidents, political revolutions, government instability, and terrorist attacks.
| Global legal team to defend infringement Facility locations (headquarters, R&D, factory, warehouse, service centers, distribution hubs, call centers, etc.) Disaster and emergency plans and pre-deployment of resources Multicountry outsourcing to contract manufacturers and suppliers
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Product Risks | |
Product modifications due to cultural differences Major forecasting errors by product by country Chronic inventory and/or capacity shortages Goods and service (product) obsolescence
| Better strategic planning and demand forecasting capability (i.e., hire experts, upgrade software and hardware data mining technology including social networks) Cooperative plans to share resources Hire more contract manufacturers and suppliers (outsourcing) Hedging inventory
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Security Risks | |
E-commerce system downtime Cybersecurity Theft, fraud, and payoff practices by country
| Technology upgrades and backup systems and sites Sourcing (hiring) criteria for workforce Corporate value and mission statements
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