Previously, we discovered a tapestry of trends impacting the U.S. consumer products industry in 2024. The year will be known for growing consumer awareness and resistance to rising prices. However, priorities don’t just end with matching customers’ product value, innovation, and sustainability expectations! Companies in the consumer products industry have regulatory and legal obligations to… Continue reading 2024’s Top Risks in Consumer Products Industry: Uncovering Legal Risks (Part 2)
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2024’s Top Risks in the Consumer Products Industry (Part1)
Tumultuous global and economic events from previous years will likely persist in 2024. Therefore, the severity of the risk in the consumer products industry will be amplified. As this landscape evolves with pressing prioritizing for product innovation and customer-centricity, profitability may not be the silver lining that consumer products companies hope for. Why? The… Continue reading 2024’s Top Risks in the Consumer Products Industry (Part1)
Internal Audit and its Growing Role in Emerging Technologies
The internal audit business function has steadily seen its role in Emerging Technologies grow exponentially. With data breaches frequently appearing in the news, executives are becoming increasingly anxious about data privacy and security matters. There has been an increase in the risk of IT security breaches, customer data misuse, and reputational harm. The increase can… Continue reading Internal Audit and its Growing Role in Emerging Technologies
What is Visualization Reporting and How Does it Help Mitigate Risk?
Visualization reporting has gained tremendous popularity in recent years, alongside the rise of big data and analytics technology. An increasing number of business leaders and key decision-makers are leveraging visualization reporting in their efforts to make data-driven decisions. Whether it’s business strategy development, the creation of a new company-wide marketing plan, or coming up with… Continue reading What is Visualization Reporting and How Does it Help Mitigate Risk?
How to Avoid Fines for HIPAA Non-Compliance – Technology and Cloud HIPAA Violations
HIPAA violations are a primary area of concern in the healthcare sector, with fines set at a maximum of $50,000 per violation or $1.5 million per calendar year for a Tier 4 violation. In fact, the Health Insurance Portability and Protection Act (HIPAA) has emerged as a significant consideration in the IT world as an… Continue reading How to Avoid Fines for HIPAA Non-Compliance – Technology and Cloud HIPAA Violations