Industry Insights - Consumer Products & Retail Welcome to the March edition of Industry Insights for Consumer Products and Retail.March Madness isn't just about the players on the court—it's also about optimising performance behind the scenes. This month, we've curated insights tailored to assist consumer products and retail organisations craft the essential playbook necessary for a winning season ahead.Subscribe to monthly insights Featured Insights Top 10 Risks in the Consumer Goods and Retail Industry in 2024 Consumer packaged goods and retail executives identified the biggest threats impacting their organisations in 2024 and beyond as part of Protiviti’s 2024 Top Risks Survey. Their perspectives reflect a growing uncertainty around market competition, the rising cost of goods and labor, and the increased need for new technologies to better manage risks and improve customer experience. View infographic Engaging Internal Audit Stakeholders to Build the Base for Adoption — Understanding the Global Internal Audit Standards The final updated Global Internal Audit Standards issued by The Institute of Internal Auditors become effective January 9, 2025. In this blog series, we introduce the key Standards updates, explore the impacts of the updates on the internal audit function, provide practical guidance for adopting the changes required for compliance and consider the opportunities to move beyond conformance, with a particular emphasis on quality. Read more Learn more about Protiviti: BLOG | INSIGHTS | WHO WE ARE Top 3 Consumer Goods and Retail Reads System Integrator or Security Specialist: Who Should Be Responsible for Implementing S/4HANA Security and Controls? In the dynamic landscape of SAP S/4HANA implementations, the critical aspects of security, governance, risk and compliance (GRC) and controls demand meticulous attention. Transformation of business processes presents an opportunity to revamp the enterprise application security to stay compliant and secure, in effect satisfying the needs of the auditors and business stakeholders. Read more ESG Data Management and Reporting Are the CFO’s Responsibility — Period As new climate, human capital, and other sustainability disclosure and reporting requirements multiply across the globe, regulators, customers, insurers and bankers are clamoring for ESG data, metrics and related documentation. These mounting demands raise an important question: Who is responsible for responding to these requests? Read more Manufacturer Optimises Supply Chain Analytics With Azure Machine Learning When the COVID-19 pandemic struck in 2020, this global manufacturer of primary batteries and portable lighting products was among the many organisations impacted by shipping and supply chain challenges. Compounding the issue was the fact this client was using an Excel spreadsheet approach as its primary shipping cost analysis tool. Read more Popular Pursuing Modern Digital Product Management — and Why It Matters to Your Organisation’s Digital AccelerationSanctions: Not Just a Financial Institution IssuePursuing Cloud Migration and Adoption? Read This First. Topics Internal Audit and Corporate Governance Risk Management and Regulatory Compliance Business Performance Industries Consumer Products and Services