Riskonnect Case Studies
Avery Dennison: Property Values
With over 300 locations in 57 countries, Avery Dennison Corporation has more than 120 finance contacts from whom they must collect property values and exposure data on an annual basis. Of those 300 locations, 62% are specifically manufacturing, distribution, and warehousing locations. If a loss occurs at any of these,the ramifications are significant. In addition, these locations comprise 92% of Avery Dennison’s total insured value (TIV) with a TIV of over six billion dollars. With so many points of contact, and with so many locations in different countries using different systems, collecting consistently accurate data on which to base sound business decisions has proven to be a challenge. Additionally, the administration time required to manage this annual task is a heavy burden on the Risk Management Department. With the data collection process being only an annual task, employees need frequent assistance due to the length of time between each cycle.
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