Retail Risk Management Best Practices
The 2020 global pandemic has forever changed the way people work, relax, and live their lives. In the retail world, this dramatic shift has called for a rethinking of previous risk management strategies.
In this new reality, a two-fold approach to risk management becomes necessary to insulate businesses from the negative consequences of predictable events and ensure their continuous growth. Forward-thinking retailers are now using real-time information to make better-informed decisions. Whether it’s critical infrastructure, asset protection, employee and customer safety, or cyber threats, retailers must be able to react in real-time to keep pace and remain agile.
- What lessons have retailers learned concerning risk management over the past year?
- How can companies best leverage real-time information in times of crisis?
- What are the necessary steps to ensure continuous protection from both physical and virtual threats?