The collaboration is part of IRM India Affiliate’s mission of developing a robust ecosystem of risk-intelligent organisations across sectors with an aim to build a resilient and self-reliant India
Institute of Risk Management (IRM) India Affiliate and Tata Consumer Products (TCP) have signed a knowledge partnership to build resilience and promote the need for and importance of Enterprise Risk Management (ERM) in the FMCG industry. Both organisations will work towards building risk intelligence and resilience to drive best practices.
As a part of this knowledge partnership, both IRM India Affiliate and Tata Consumer Products will be organising webinars, roundtables, industry meetings and contributing thought leadership articles towards knowledge building and enhancing ERM and risk intelligence for the sector.
“This knowledge partnership is a milestone for the FMCG sector as it will help drive the importance of a robust risk culture in the sector, through the sharing of best enterprise risk practices across platforms. Our global philosophy is well aligned with TCPL’s long-term strategy towards excellence in ERM,” Hersh Shah, CEO, IRM India Affiliate, shared his views on this partnership.
The key risk areas identified were either related to commodity sourcing, supply chain, sales and distribution, brand equity, regulatory and cyber risks. The Covid pandemic has demonstrated the importance of having a robust, scalable and secure business continuity model to ensure we are able to continue delighting our consumers.
