1 Loss of major industrial site/strategic inventory
Resulting in significant business disruption and unavailability of certain key brands in Pernod Ricard markets.
Toxic contamination
Resulting in major consequences for consumers, and commercial and reputational risk for the brands.
2 Changes in market environment
Risk of margin erosion due to intensified pressure from retailers, fierce competition and potential increase in terms of cost of goods sold and logistics expenses.
Climate change
Global warming impact on our activities.
Geopolitical and macroeconomic instability
Risk of a broad geopolitical disturbance or the resurgence of a macroeconomic crisis.
3 Regulatory constraints
Strengthening of legislation resulting in new restrictions or constraints regarding advertising and distribution of alcoholic beverages or S&R.
4 Breach of compliance requirements
Failing to meet with compliance requirements and business ethics, which can lead to negative consequences for the Company.
Taxes and levies
Changes in tax regulations or in indirect taxation, in particular customs duties and excise taxes on alcoholic beverages which could have a material impact on the Group.
Supply chain disruptions
Major unpredictable event complexifying the access to markets; key supplier failure; unavailability of raw material.
Disruption of demand and consumer behaviour
Demand and consumer behaviours changing at a fast pace in terms of expectations and trends (product categories, distribution channels, consumer experiences).
Health & Safety
Severe accident involving an employee or contractor as a result of a criminal or industrial incident.
Information Systems & Cybersecurity
Information systems disruption and failure or cyber intrusion compromising systems, websites and data integrity.
Negative media coverage
Impacting the image of the Group and/or its key brands.
5 Illicit trade and parallel markets
Parallel trade, counterfeit and look‑alike products damaging brand image and impacting sales.
Misuse of Artificial Intelligence
Resulting from unawareness, lack of understanding, poor data quality ingested, including ethical concerns like disinformation and misinformation.
6 Financial risks (FX, interest rates, credit, pensions)
Unfavourable evolution of exchange and interest rates or the failure of customers leading to non‑collection of receivables. Unanticipated increase of pension fund’s deficits and/or cash contributions.
Fraud
Resulting in financial losses or the leakage of sensitive information.
Major litigation
Against Pernod Ricard, its affiliates, its brands or its management.
Social tension
Resulting from increased divisions and conflicts within the Society or from difficult interactions with employee representative bodies.
Talent management
Inability to attract, develop and retain talent.
7 Environmental damage
Environmental damage caused by our activities.
Product quality issues
Leading to customer discontent and brand image deterioration.
