Enterprise Risk Management

Enterprise Risk Management (ERM) is systematic approach to identifying and managing an organization’s business risks. ERM offers a proven method to align risk appetite with strategic goals, deploy resources more effectively, reduce operational surprises and losses, and improve risk response.

Managing enterprise risk is particularly challenging for retail and consumer products companies. The growing globalization trend and the need to operate in business environments with different cultures, laws, and environmental concerns, along with the complexity of sourcing materials and human capital for manufacturing or final sale of the product, creates a number of potential risks for retail and consumer companies.

 

How PwC can help you

PwC can help retail and consumer companies address risk in several key areas, including:

• fraud and antifraud programs (detection and prevention)
• Crisis Management - Business Recovery Services
• forensic accounting
• internal control assessment
• process improvement and operational effectiveness
• security & technology solutions ( IT business risk management, data management, and information security)
• audit and compliance
• risk & value management