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Risks
1. Potential failure to identify, implement and/or integrate new technologies successfully.
2. Infrastructure investments may be too costly or have a limited timeline for return on investment.
3. The shift towards digitalization may cause customer resistance and potentially take some customers away from Avery Dennison.
4. A lack of adoption of the new technologies could lead to an inability to compete with other companies in this space.
5. Changes to the market including consumer behavior, increased competition, and shifts in industry regulations can all create unforeseen challenges.
6. Digital transformation projects may take longer to implement than expected due to technological challenges and a lack of resources.
7. Security risks associated with the transition to digital solutions.