- The most prevailing emerging risk cited by companies worldwide is "governmental or regulatory" — outpacing even "competition," which ranked second.
- North America-based companies are roughly twice as likely as their overseas counterparts to cite "insufficient time," "inadequate personnel" and "insufficient budgets" as the biggest obstacles to addressing top risks.
- On average, respondents indicate the majority of their risk management budgets are allocated to risk control (loss prevention) rather than risk transfer (buying insurance).
- Recent corporate governance reforms have increased companies' focus on risk management either moderately to highly at 88 percent of North America-based companies surveyed, as well as at 78 percent of companies based overseas.
Additional Articles of Interest
managing uncertainty Rethinking Risk Supply & Demand Chain Executive
business risks associated with product quality The Quality Risk Supply & Demand Chain Executive
paper in the supply chain Paper: Still the Net Best Thing iSource Business