Critical Risks of Different Economic Sectors 2019
DOI: 10.1007/978-3-030-25034-8_3
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Specific Features of Risk Management in the Service Sector

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“…Increased flexibility, quality standards, efficiency, and productivity are the most important advantages. BDA, cloud technology, cybersecurity, IoT, downsizing of electronics, RFID, robots, drones, and nanotechnology, on the other hand, can all be risks to businesses (Chernov & Sornette, 2020). Furthermore, the benefits of better supply chains usually translate into a price increase for items (Machado et al, 2019).…”
Section: Radio-frequency Identificationmentioning
confidence: 99%
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“…Increased flexibility, quality standards, efficiency, and productivity are the most important advantages. BDA, cloud technology, cybersecurity, IoT, downsizing of electronics, RFID, robots, drones, and nanotechnology, on the other hand, can all be risks to businesses (Chernov & Sornette, 2020). Furthermore, the benefits of better supply chains usually translate into a price increase for items (Machado et al, 2019).…”
Section: Radio-frequency Identificationmentioning
confidence: 99%
“…Diverse competences must be in place in order to develop resilient supply chains (Mackay et al, 2020). Stakeholders should concentrate on detecting, monitoring, and analysing risks in order to minimize negative consequences (Chernov & Sornette, 2020). In a digital SC, risk control and management will be focused on resolving third-party cybersecurity and delivering swift organizational responses to unforeseen incidents.…”
Section: Supply Chain Managementmentioning
confidence: 99%