In today's global environment, retail and wholesale trade companies are facing increasingly complex risks. The ability to anticipate opportunities and effectively respond to risks has become critical for organizations to succeed. Fact-based insights are the best way to ensure optimal decision making.

This report, based on a recent global survey, conducted by Aon, has revealed a set of new risks facing the retail and wholesale industry. The differences of opinion are highlighted by these two sectors on how to best prioritize and respond to their unique needs.

Key Findings

  • Given the recent high profile cyber attacks on retailers, computer crime/hacking/viruses/malicious codes, has emerged as the 2015 number three risk for retail organizations, compared to 2013 when it was ranked number sixteen
  • Increasing competition is now seen as the number one risk by respondents in the retail and wholesale industry, followed by damage to reputation/brand and economic slowdown/slow recovery
  • In the next three years, increasing competition, economic slowdown/slow recovery and computer crime/hacking/viruses/malicious codes are projected by the retail and wholesale sectors to be the top three risks
  • Interdependency among top risks illustrates that companies can no longer evaluate risks in isolation but must consider their interconnectedness

The report provides comprehensive data that allows retail and wholesale trade companies to benchmark their risk management and risk financing practices against their peers. Additionally, this report will help companies identify practices or approaches that may improve the effectiveness of their own risk management strategies.

Contact

For additional information contact Madeline Serpico, Aon Risk Solutions Retail Practice Leader.

Download the report
2015 Retail Industry Report


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