PERNOD RICARD - 2018-2019 Universal registration document
4.
RISK MANAGEMENT Risk factors
Risk hierarchy
Risks relating to business activities
Pressure on prices Geopolitical and macroeconomic instability Negative media/social media campaign Cyberattack Brand portfolio challenges and non-adaptation to new trends (incl. inventory management) Product quality issues Supply disruption Talent management Fraud
Industrial and environmental risks
Climate change and environmental damage Loss of major site/strategic inventory Toxic contamination Human safety risk
Legal and regulatory risks
Regulatory changes Business ethics Taxes and levies Regulatory Environment Major litigation Counterfeiting/IP rights
Financial risks
Financial risks: FX Interest rates
Credit Pensions
Risk factors exist in a limited number of categories depending on their nature. Within each category, the most important risk factors are presented first.
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2018-2019
PERNOD RICARD UNIVERSAL REGISTRATIONDOCUMENT
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