Kimberly Clarke Flashcards
Although some risks are outside our control, risk management is…
how we we work together to proactively identify and plan for events and to mitigate the impact to the Corporation.
Heightened geopolitical risk
• Increased security risk due to immigration and terrorism activities
Changing workforce dynamics
- Higher turnover among millennial workers
- Utilization of contingent workers
- Inability to attract e-commerce talent
Expansion of litigious culture globally
Increase in non-US lawsuits, including class actions
Technological advancement
- New medical technology eliminates need for a K-C product (e.g. medical breakthrough in incontinence)
- Sophistication of cyber attacks and data hacking
Pandemic
Manufacturing operations and/or supply chain disrupted by widespread infections
you must __________ to understand the risks
visit locations
Risk Management:
– Insurance provisions
– Indemnity language
– Evaluating risk factors • Low,MediumorHigh
What terms should not be changed?
– Consequential damage coverage
– Waivers of subrogation
building our crisis management capability
1) Goal is to enable to business to effectively work through a crisis
2) New approach to crisis management provides the business:
– A central office to call when a crisis occurs
– Process and tools to use in all crisis situations
– Standard work to ensure teams are prepared
demand for training continues to grow
- Increased requests for Smart Risk Assessments
- Risk management training remains in demand
- North American Armed Intruder Training developed in 2016
- BCP training rollout in Q3 2017
- Continual management of $33B in insurable values