Risk Management of the Retail Company Under the Conditions of Covid-19

Authors

  • Nora Tineva, PhD Student Department of Economics of Trade, Faculty of Economics of Infrastructure, UNWE Author

DOI:

https://doi.org/https://doi.org/10.37075/RP.2023.1.11

Keywords:

Risk management, Retail company, Risk, COVID-19
F10, G00

Abstract

The Covid-19 pandemic has had a negative impact on many sectors around the world. The economies of countries on all continents have suffered the consequences of the changes that have occurred since the beginning of the pandemic, and the trade sector, as one of the most important at the national and international level, has changed a lot. In Bulgaria, the various units of the wholesale and retail chain have taken measures to ensure the supply of products in all units of the chain. In this article, the author evaluates the changes in the trade sector, in particular the retail companies, in Bulgaria after the beginning of the pandemic and proposes solutions for the management of different types of risk to ensure the normal functioning of economic entities in the event of unpredictable risks such as Covid-19.

References

H CENDROWSKI, WC MAIR (2009). Enterprise risk management and COSO. John Wiley & Sons. URL: http://www.cca-advisors.com/wp-content/uploads/2014/02/Risk_Management_preview.pdf

Chang Chia-Lin and McAleer Michael and Wong Wing-Keung (2020). Risk and Financial Management of COVID-19 in Business, Economics and Finance. Journal of Risk and Financial Management. DOI: https://doi.org/10.3390/jrfm13050102

CL Culp (2001). The risk management process: Business strategy and tactics. Wiley. URL: https://books.google.com/books?hl=en&lr=&id=CtYNEQAAQBAJ&oi=fnd&pg=PR9&dq=The+Risk+Management+process+Business+Strategy+and+Tactics+Culp&ots=ZUwOAGw6p4&sig=5aS_Xi4c__YZ2zvg5kujx4dbDI4

Mario Tanev (2022). Bulgaria GDP to fall 7.2% in 2020, rise 6% in 2021 - EU Commission. DOI: https://seenews.com/news/bulgaria-gdp-to-fall-7-2-percent-in-2020-rise-6-percent-in-2021-eu-commission-1168422

Published

2023-04-25

Issue

Section

Articles

How to Cite

Tineva, N. (2023). Risk Management of the Retail Company Under the Conditions of Covid-19. Research Papers, 1, 123-133. https://doi.org/https://doi.org/10.37075/RP.2023.1.11