Hersh Shah

Using ERM helps MSMEs gain economic and financial insight to develop risk-based mitigation strategies, as well as in developing risk assessments and response plans

In the interconnected global supply chain, interruptions in one corner of the world can have cascading repercussions across many other regions

The pandemic has also revealed the necessity of building resilient organizations that can stay agile in the face of global uncertainties

The increasing awareness of risk management also holds scope for risk professionals to establish their own ventures

Businesses should capitalize on the opportunity this year has provided, to evaluate how they fared in terms of risk management and achievement of business objectives

Whether it is turbulence or uncertainty; risk is inherently involved in every business scenario and hence, risk and risk literacy must become part of common business parlance