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risk management | Victual

POSTED BY in Asset Risk, Blog, Crisis Management, Cyber risk, Financial Risk, Food Safety, Legal Risk, Product Recall, Production Risk, Reputation, Risk Management, Strategic Risk, Supply Chain - TAGS , , , , , , , ,

Creating Value Through Managing Your Risk

70% of organisations only evaluate their risk profile on an annual basis, limiting their ability to tailor their risk management plan and business strategy to mirror the ever-changing commercial landscape – EY  The guiding standard for risk management, ISO 31000, defines risk as the effect of uncertainty on objectives.  Whilst this framework can be helpful, in establishing the context, and identification…

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POSTED BY in Blog, Cyber risk, It Depencency, Production Risk, Risk Management, Safety, Safety Management System, Uncategorized - TAGS , , , , , , , , , ,

Cyber-Security

Businesses on guard  With businesses increasingly connected online, do you understand your cyber-security risks?   Cyber-security is a growing concern for business owners in the Food and Beverage industry. It’s not a case of if you face a cyber threat in the future, but when.  Whilst every business will have different exposure points, a cyber threat shouldn’t be taken lightly due…

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POSTED BY in Cyber risk, News & Articles, Production Risk, Risk Management, Safety, Safety Management System, Supply Chain - TAGS , , , , , , , , ,

Understand Your Supply-Chain

How much do you understand your supply-chain? It sounds like a simple question, but it’s important to realise that a resilient supply chain can help you sidestep avoidable risks and grow your business. Only 22% of companies have a proactive supply chain network. (Logistics Bureau, 2020) Your supply chain is one of the most critical elements to running your business and disruption at…

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POSTED BY in Blog, Crisis Management, Cyber risk, It Depencency, News & Articles, Risk Management, Safety, Safety Management System - TAGS , , , , , , ,

What is your vulnerability to cyber-attacks

Have you recently audited your cyber security risk? Should a targeted attack occur, how far reaching would the impacts of a cyber-attack ripple in your business?  The world’s largest meat processing company JBS, has recently been targeted by a cyber-attack, forcing it to temporarily shut operations in the US, Canada and it’s 47 sites in Australia. JBS paid a ransom of…

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POSTED BY in Blog, Event Management, News & Articles, Safety - TAGS , , ,

How do you Manage your Event?

It’s that time of year where we all have our Christmas Parties to celebrate a long year. Whether it is your own event or a third party hosted event at your facility/venue, there is a duty to ensure everyone enjoys a successful and safe event, with no incidents which cause injury. It may be appropriate to develop a venue safety…

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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 It Depencency, News & Articles, Risk Management - TAGS ,

Don’t Take Risks with Risk Management

In collaboration with our partner E3Learning we have put together a 3 part series on the implications of risk and technology. Part 1 – https://e3learning.com/confidentbusiness/dont-take-risks-risk-management/ Part 2 – https://e3learning.com/confidentbusiness/investing-risk-management-things-go-wrong/ Part 3 – https://e3learning.com/confidentbusiness/investing-in-risk-management-getting-it-right/

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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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