IDENTIFICATION OF RISK FACTORS WHEN WORKING WITH FOREIGN SUPPLIERS UNDER WESTERN SANCTIONS (FOR EXAMPLE, JSC LOREAL)

Abstract

The article examines the conditions and reasons for the emergence of logistics risks in procurement activities, in the context of Western sanctions, and identifies the main problems in the market for the production and wholesale of perfumery and cosmetic goods. Attention is paid to the problem of imposing Western sanctions on Russian banks conducting banking transactions in international settlements. The correlation of the impact of banking risks due to sanctions on the increase in logistics costs for the transportation of goods and additional storage was revealed. The growing role of IT system specialists opposing cyber attacks and cyber threats is shown. The thesis about the need for a timely transition to import substitution with domestic raw materials is confirmed, but subject to a balance of opportunities and quality of supplies.