Skip to main content
Tag

risk | 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…

Read more...
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…

Read more...
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…

Read more...
POSTED BY in Asset Risk, Blog, Legal Risk, News & Articles, Reputation, Risk Management, Safety, Safety Management System - TAGS , , , , , , , ,

Keeping safe, mentally and physically in the workplace

Keeping safe, mentally and physically in the workplace  Are you across the new SafeWork code of practice? Designed to help manage psychosocial hazards at work, it is based around a set of key guide lines surrounding mental health injuries and traumatic incidents at work.   The new code was created to ensure workers aren’t exposed to potential risks to their health and safety, simply for…

Read more...
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…

Read more...
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…

Read more...
POSTED BY in Blog, Strategic Risk - TAGS , , , , ,

How robust contract management can keep your money where it belongs

By now we’re all aware of the upcoming changes to our Grocery Services Agreements due to the Food and Grocery Code of Conduct. If you need a refresher read our previous article which covered the FGCC in detail. As you know, every organisation has a multitude of different types of contracts, some of which command more or less focus than…

Read more...