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Risks
1. Economic instability: Economic instability can have a significant impact on Sonoco Products Company, as economic cycles have an effect on its supply chain, customer base, revenue, cost of goods sold, and profits.
2. Operational risk: Sonoco Products Company operates in a highly competitive market, and can face operational risks in areas such as production efficiency, quality control, product innovation, and pricing strategy.
3. Competitive risk: Sonoco Products Company must compete on both a global and local scale. Changes in the competitive landscape, including pricing, technology, product innovation, and customer demands can have a significant effect on the company's bottom line.
4. Regulatory risk: Sonoco Products Company operates in a heavily regulated industry, and is subject to regulatory risks associated with food safety, environmental regulations, labor laws, and other government mandates.
5. Financial risk: Sonoco Products Company is exposed to financial risks, including interest rate risk, foreign exchange risk, liquidity risk, and market risk.