Channel Risk Mitigation
Strategies specifically designed to identify, assess, and minimize risks associated with operating across multiple sales channels, including financial, operational, and reputational risks.
Implications
Strategies and actions taken to minimize potential risks associated with sales or distribution channels, including managing channel conflict, ensuring compliance, and protecting against disruptions.
Example
Example: A consumer electronics company engages in channel risk mitigation by diversifying its supplier base and establishing contingency plans with its distributors to reduce the impact of potential supply chain disruptions.
Related Terms
Different from general risk management, which encompasses a wide range of business risks, channel risk mitigation specifically focuses on addressing the risks associated with the sales and distribution network.
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