Category Archives: Resilience

Is Sacking a Customer Worth the Risk?

Is Sacking a Customer Worth the Risk?

The customer is always right – except when you no longer want to do business them. Firing customers is a valid risk mitigation strategy when the business they bring is under threat or unprofitable, or they are out of alignment with your strategic goals. But companies need to exercise extreme caution when choosing such anRead More

The Bankruptcy Risk: Heeding the Distress Signals

The Bankruptcy Risk: Heeding the Distress Signals

Hanjin Shipping filed for bankruptcy on August 31, 2016, creating the largest ever container shipping bankruptcy according to the Journal of Commerce. Aside from this unenviable world record, the sinking of the South Korean shipping line is notable for the scale of the fall out and the lessons we can learn about risk management. InRead More

How to Prepare for a Brexit-Size Disruption

How to Prepare for a Brexit-Size Disruption

The repercussions of “Brexit,” Britain’s momentous decision to exit the European Union (EU), will reverberate across the globe for some time. But one striking conclusion from the many analyses of the June vote is that companies were not prepared for this game-changing event. “Businesses were largely taken by surprise by [the] vote to leave theRead More

Mitigating the High Risk of Low-Cost Items

Mitigating the High Risk of Low-Cost Items

How important are you to your suppliers? It’s a question that companies need to ask when evaluating risk in their procurement strategies. And it is especially important in today’s fast-changing commercial environment where suppliers’ priorities can change very quickly. Of particular interest are items that are low cost and low volume but essential to theRead More