Korn Ferry (KFY) has disclosed a new risk, in the Supply Chain category.
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Korn Ferry’s reliance on third-party technology providers poses a significant risk to its strategic initiatives, as any failure by these vendors to meet their obligations could disrupt both internal operations and client services. This dependency exposes the company to potential threats such as system malfunctions, cybersecurity attacks, and natural disasters, which are beyond its control. Should these third parties fail due to such events, Korn Ferry’s ability to execute its strategic plans may be severely compromised. This vulnerability underscores the importance of robust contingency planning and risk management strategies to mitigate potential disruptions.
The average KFY stock price target is $82.33, implying 12.77% upside potential.
To learn more about Korn Ferry’s risk factors, click here.