Risk Management Implications of the Russian Invasion of Ukraine for Risk Management Magazine
In this article for Risk Management Magazine, CIC Services’ Randy Sadler discusses the effects of the Russian invasion of Ukraine on businesses and supply chains across the world. These effects make the business environment more vulnerable and increase the need for risk management tactics. It’s not too late to act to mitigate and insure this risk. The war in Ukraine will likely create other future crises and may spawn other wars or lead to a wider war in Europe
How the Russian Invasion Impacts Businesses
- Supply Chain Distribution
- Oil and Gas Under Pressure
- Shortages and Rising Prices
- Loss of Key Suppliers
Risk Management Actions to Protect Your Business
- Review Plan
- Access Policies
- Mitigate Risk with a Captive Insurance Company