Risks related to Consumer Demand and Growth in our three business categories.
Risks related to Retail Disruption and Consolidation.
Risks related to BIC’s Supply Chain and Production.
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Risks related to BIC’s Net Sales Regional Concentration.
Risk related to the execution of BIC’s transformation program “BIC 2022 – Invent the Future”.
Risk related to M&A execution in the context of BIC’s Horizon strategic plan
Risks related to Product Safety.
Risks related to counterfeiting, parallel imports, and non-compliant products from competition.
Risks related to increased Regulations.
Risks related to the non-respect of Human Rights and Unfair Practices.
Risks related to IT Security
Impact of the Covid-19 pandemic on BIC’s risk management in 2020 Some of the identified risks potentially impacting BIC materialized during the pandemic. These risks include: Consumer Demand and Growth in our three business ● categories, specifically, a sharp decline of consumption and an evolution of consumer habits; Supply Chain and Production, including the mandatory partial ● or total shutdown of BIC’s factories in certain countries, and the disruption due to the closure of borders in Europe, Latin America and Africa; Retail disruption and Consolidation due to widespread and ● extended closure of traditional and convenience stores during the lockdown periods.
These risks required mitigation measures to protect the health and safety of our employees while ensuring business continuity. The Group applied the government directives in each country where it operates. Work organization was adapted in accordance with health authority recommendations and working remotely was implemented whenever possible. BIC’s sound financial situation, integrated business model, and transformation will help alleviate the longer-term impacts of the pandemic.
• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •