Due to a rising dynamic and complexity in the supply chain, changes in the regulatory frame-work and a persistent intensity of competition, the management of risks in dairy enterprises gains in importance. The paper aims at stating the requirements for a successful risk manage-ment system in the dairy sector and at identifying management options for the establishment of a risk management system in dairies. By means of interviews with dairy experts, experts of financial institutions as well as consultants and auditors, and on the basis of a survey about risk evaluation among dairies, the structure for a risk management system was created. In consideration of industry-specific aspects, practical recommendations for the handling of risks, particularly with respect to market risks and financial risks, were deduced.
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Due to a rising dynamic and complexity in the supply chain, changes in the regulatory frame-work and a persistent intensity of competition, the management of risks in dairy enterprises gains in importance. The paper aims at stating the requirements for a successful risk manage-ment system in the dairy sector and at identifying management options for the establishment of a risk management system in dairies. By means of interviews with dairy experts, experts of financial institutions as well as co...
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