Mondelez International (MDLZ) risk factors, FY2024 10-K

Strategic and Operational Risks

1. 01Commodity and other input prices are volatile and may increase or decrease significantly or availability of commodities may become constrained
2. 02We are subject to risks from operating globally, including potential cost impacts of any tariffs that may be enacted by governments as well as other trade and regulatory uncertainty
3. 03We are subject to risks from changes to the trade policies and tariff and import/export regulations by the U.S. and/or other foreign governments
4. 04The war in Ukraine has impacted and could continue to impact our business operations, financial performance and results of operations
5. 05We operate in a highly competitive industry where we face risks related to the execution of our strategy as well as our ability or willingness to respond, timely or otherwise, to channel shifts, pricing and other competitive pressures
6. 06Our success depends on our ability to maintain and enhance our brands, expand to new geographies and new distribution platforms such as digital commerce, and evolve our portfolio with new product offerings that meet consumer needs and expectations
7. 07We must correctly predict, identify, interpret and meet changes in consumer preferences and demand and offer new and improved products that meet those changes
8. 08Our operations in certain emerging markets expose us to political, economic and regulatory risks
9. 09Our use of information technology and third-party service providers exposes us to cybersecurity breaches and other business disruptions
10. 10We are subject to risks from unanticipated business disruptions
11. 11We may not successfully identify, complete or manage strategic transactions

Macroeconomic and Industry Risks

1. 12Our business is subject to an increasing focus on sustainability matters
2. 13Climate change might adversely impact our supply chain or our operations
3. 14cost or availability pressures, demand for our products and our market share could suffer. We have also experienced decreased demand for chocolate during periods when temperatures are warmer
4. 15Our retail customers are consolidating, and we must offer an effective value proposition in order to compete against retailer and other economy brands
5. 16We are subject to changes in our relationships with significant customers, suppliers and distributors
6. 17We may be unable to hire or retain and develop key personnel or a highly skilled and diverse global workforce or effectively manage changes in our workforce and respond to shifts in labor availability

Legal and Regulatory Risks

1. 18We face risks related to complying with changes in and inconsistencies among laws and regulations in many countries in which we operate
2. 19We may decide or be required to recall products or be subjected to product liability claims or litigation
3. 20We face risks related to legal or tax claims, litigation, investigations or other regulatory enforcement actions
4. 21We face risks related to adequately protecting our valuable intellectual property rights

Financial Risks

1. 22We face risks related to tax matters, including changes in tax laws and rates, disagreements with taxing authorities and imposition of new taxes
2. 23We are subject to currency exchange rate fluctuations
3. 24Weak financial performance, downgrades in our credit ratings, illiquid global capital markets and volatile global economic conditions could limit our access to short-term financing, reduce our liquidity and/or increase our borrowing costs
4. 25Volatility in the global capital markets, interest rates, inflation rates, our participation in multiemployer pension plans and other factors could increase our costs relating to our employees’ pensions