Insights for Chief Audit Executives in Consumer Business
What it means to be Risk Intelligent
In today’s highly interconnected world, risk events can occur at alarming speeds. Each day brings new headlines telling of the latest company to fall victim to product quality problems, supply and distribution chain issues, competitive threats and more. Not only can such risks jeopardize a company’s profitability, but they can also threaten its brand and reputation—two key drivers of consumer business success.
Consumer business (CB) companies face daunting challenges in today’s turbulent markets. Intense competition, fickle consumers and margin pressures are some of the causes for increased volatility in this industry. As a result, the need for effective risk management strategies has never been greater.
At Deloitte’s Consumer Business Chief Audit Executive Conference, attendees from companies of various sizes responded to questions relating to Risk Intelligence and the state of their risk maturity as it pertains to their organization. The attached white paper provides insights on the current status of enterprise risk management (ERM) within consumer business companies, and offers practical suggestions on incorporating risk information into core decision-making processes.
Read the white paper attached below.
As used in this document, ‘Deloitte’ means Deloitte LLP (and its subsidiaries). Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.