Farringdon Risk Management

Risk has always been a part of business—an enduring reality that every company must address. To compete, grow and capture benefit, organizations must accept risk. It’s what businesses do.

However, today, risk is larger, less predictable, more varied and more ubiquitous. And the nature of risk is different. Nowadays, risk is magnified by supply chain complexities, shorter product life cycles, tumultuous financial markets, sudden demand shifts, emerging competitors, global collaborations, expanding regulations and technology advances.

Risk also has many more faces: cash flow crises, supply disruptions, quality failures, cyber intrusions, financial fraud and technology breakdowns.

Clearly, companies are exposed to more risk—and more kinds of risk—than ever before. In fact, recent studieds show that risk management now is of a higher priority for companies compared to a couple of years ago.

Forward thinking companies recognize that a changing risk environment requires them to change also. So instead of depending on reactive, insurance- and compliance-based approaches, many of these organizations are proactively building strategic, enterprise-wide capabilities that are preemptively focused and business-benefit oriented. The idea is to make risk management less about obligation and more about opportunity.

Farringdon Consultants works with clients to create and implement integrated risk management capabilities focused on generating higher economic returns, improving shareholder value and increasing stakeholder confidence.