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POSTED BY in Blog, Crisis Management, Reputation, Risk Management - TAGS

Dreamworld Are Mismanaging Their Crisis – But Is Your Business Any Better Prepared For Disaster?

Last month, four lives were cut tragically short in an accident on the Thunder River Rapids ride at the Dreamworld theme park. Since then, serious concerns have been raised about the actions of the board, particularly concerning their handling of the tragedy itself. Regular equipment breakdowns and an inexperienced employee left in charge have led to accusations the company didn’t…

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POSTED BY in Blog, Reputation, Risk Management - TAGS , ,

South Australian Blackouts Put Spotlight on Business Continuity Planning

With many businesses left counting the cost – likely to run into the billions – of the “once in a 50-year” storm, many businesses are now taking a second look at their business continuity planning. Following the blackout, many food and beverage companies were left scrambling, as freezers and chillers lost power and food started spoiling. Others, including many businesses…

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POSTED BY in Blog, Risk Management, Safety, Supply Chain

The Chain of Responsibility: Your Legal Obligation to Safeguard Every Vehicle in Your Supply Chain

Just three years ago transport group McAleese were riding high: after winning a large contract to deliver fuel to 7/11 service stations, the firm was about to be listed on the stock exchange. But after an initial listing at more than $1.47/share, McAleese’s fortunes have plummeted, and the company recently went into liquidation. In August 2016 the share price dropped…

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POSTED BY in Blog, Reputation, Risk Management, Strategic Risk - TAGS , ,

New Report Reveals Many Food & Beverage Companies Still Playing Catch-up on Corporate Governance

A recent report, commissioned by the Investor Responsibility Research Centre Institute[i], has revealed that many businesses are at risk due to a low level of understanding of threats at board level, and of food safety in particular. Although the report found that expertise was relatively common at management levels, there was a significant lack at board level, with “little food…

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POSTED BY in Blog, Risk Management, Strategic Risk - TAGS

Australian Companies Are Delaying Key Decisions Because of Economic Uncertainty – But Is This Strategy Actually Increasing Their Risk?

For a country famous for its stable politics and economy, Australia is facing a rare moment of uncertainty. After a disappointing election result for the Coalition, the government’s flagship policy of lowering company tax is in doubt, and concern over the viability of the latest budget has also led to Standard & Poor’s revising Australia’s credit rating outlook. The agency…

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POSTED BY in Asset Risk, Blog - TAGS , ,

Is EPS insulation putting your business at risk?

After another serious fire spreads through a factory in Sydney, food and beverage businesses are reminded of the impacts of a fire in a building with this type of construction. We’ve heard it all before: EPS insulation panels pose a significant fire risk to factories and warehouses. This is a global issue that has been around for 20 years –…

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POSTED BY in Blog, Reputation, Risk Management, Strategic Risk - TAGS , , , ,

Missed opportunities in the Food and Beverage industry

Our podcast on adding value to your organisation using risk management: This month we were fortunate enough to be interviewed by Suzy Yates from The Podcast Agency. We’ve still got our regular monthly article full of insights but you can click the media file below for additional information on how you can leverage your risk management processes to add value to…

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POSTED BY in Blog, Cyber risk, Financial Risk, Safety - TAGS , , , ,

The new cyber security threat targeting CEOs and costing businesses billions

Criminals are getting more sophisticated in the tactics they’re utilising to defraud businesses. A scam where criminals impersonate the email accounts of Chief Executives was announced to have cost global businesses more than $US2 billion in little over two years according to the FBI. Recently, a client of ours was also caught out by this attack which cost them around…

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