Risk Management
The modern world can be an uncertain place. There is an element of risk involved when people and products are traversing the globe. From natural disasters to political uncertainty and conflict as well as intellectual property rights, there are several risks that need to be considered and where possible mitigated for, when either travelling on business or getting your goods to market.
It is wise to consider any potential risks individual markets or regions may offer you. The following organisations can assist you in assessing the risks.
The Foreign and Commonwealth Office (FCO)
FCO has a dedicated Overseas Business Risk site that is freely accessible. Each market has a report that outlines the political, economic, human rights, bribery, terrorism, criminal activity, and intellectual property risks. These are updated when required.
Experian credit check your global customers and suppliers, existing or potential, for deep insight into any international business. Experian’s International Business Credit Reports help you ease concerns, make informed risk assessments and manage business risk. Access to global business information means you can maximise every opportunity to your business. As a Suffolk Chamber member, you get up to 50% discount on reports.
Intellectual property rights
Having the right type of intellectual property protection helps you to stop people stealing or copying:
- the names of your products or brands
- your inventions
- the design or look of your products
- things you write, make or produce
Copyright, patents, designs and trademarks are all types of intellectual property protection. You get some types of protection automatically, others you have to apply for.
For more information about growing your business internationally, please contact our friendly International Trade team: international@suffolkchamber.co.uk
