Modern Retail Business Risks

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What are modern retail businesses?
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Modern retail businesses are those that use current technologies and strategies to operate, such as e-commerce.
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What is a digital risk in modern retail businesses?
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Digital risks involve threats from online activities, such as data breaches or cyber-attacks.
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How can a retail business manage supply chain risks?
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They can monitor suppliers, diversify their supply sources, and build strong relationships with key suppliers.
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How does customer behavior pose a risk?
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Changes in customer preferences can lead to obsolete stock and unexpected declines in sales.
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What is one economic risk for modern retail businesses?
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An economic risk can be a recession, which decreases consumer spending adversely affecting sales.
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