7 Risks that cause panic: Transportation, Warehousing, and Distribution Edition
November 29, 2017
How to manage and avoid common risks to your TWD business
Globalization, innovative technology, and new business models are giving Canadian Transportation, Warehousing, and Distribution businesses more opportunities for growth than ever before. But with opportunity comes risk. Whether it means facing changing regulations or global turbulence, the world is an increasingly riskier place.
Small and medium sized TWD businesses are not immune to these risks—in fact their size makes them more susceptible when risk turns into reality because their size typically means less diversification and financial resources. This does not mean small businesses should panic; the best action to take for risk management is to be proactive.
In this white paper we provide insights into how TWD businesses can better understand and manage seven key risks:
- Cyber-attacks
- Supply chain risk and disruption
- Variable energy and commodity pricing
- Regulatory risk
- Exchange rate fluctuation
- Business interruption
- Digital disruption
Greater opportunities present greater risks.
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