Campbell's (CPB) risk factors, FY2024 10-K

Business and Operational Risks

1. 01We may not be able to increase prices or sustain price increases to fully offset inflationary pressures on costs, such as raw and packaging materials, labor and distribution costs
2. 02Disruption to our supply chain could adversely affect our business
3. 03Deterioration of global macroeconomic conditions, including economic recession or slow growth or periods of higher inflation in key markets may adversely affect consumer spending and demand for our products
4. 04Our intellectual property rights are valuable, and any inability to protect them could reduce the value of our products and brands
5. 05Our results may be adversely impacted if consumers do not maintain their favorable perception of our brands
6. 06We may be adversely impacted by a disruption, failure or security breach of our information technology systems
7. 07incidents. As cyberattacks increase in frequency and magnitude around the world, we may be unable to obtain cybersecurity insurance in the amounts and on the terms we view as appropriate and favorable for our operations
8. 08We may not be able to attract and retain the highly skilled people we need to support our business
9. 09If we do not fully realize the expected cost savings and/or operating efficiencies associated with our strategic initiatives, our profitability could suffer
10. 10We face significant competition in all our product categories, which may result in lower sales and margins
11. 11We may be adversely impacted by a changing customer landscape and the increased significance of some of our customers

Financial and Economic Risks

1. 12An impairment of the carrying value of goodwill or other indefinite-lived intangible assets could adversely affect our financial results and net worth
2. 13We may be adversely impacted by increased liabilities and costs related to our defined benefit pension plans
3. 14We face risks related to inflation, recession, financial and credit market disruptions and other economic conditions
4. 15We may be adversely impacted by our substantial indebtedness

Legal and Regulatory Risks

1. 16We may be adversely impacted by legal and regulatory proceedings or claims
2. 17If we fail to comply with the many laws applicable to our business, we may face lawsuits or incur significant fines and penalties. In addition, changes in such laws, regulations or other policies may lead to increased costs
3. 18If our food products become adulterated or are mislabeled, we might need to recall those items, and we may experience product liability claims and damage to our reputation
4. 19Climate change, or legal, regulatory or market measures to address climate change, may negatively affect our business and operations
5. 20Our business is subject to an increasing focus on sustainability matters
6. 21Our business, financial condition and results of operations could be adversely affected by disruptions in the global economy caused by ongoing geopolitical conflicts