This study explores the implications of subcontracting risk management within the Portuguese moulds and plastics industry. The industry, one with great importance in the national panorama, faces challenges in implementing Enterprise Risk Management (ERM) because of the competitiveness between Small and Medium-sized Enterprises (SMEs) and larger corporations, insufficient risk management reporting, and pressures from globalisation. It addresses the substantial influence exerted by large enterprises and the resulting challenges encountered by SMEs in the context of globalisation. The research emphasizes the critical role of ERM in mitigating risks and enhancing organisational performance. The main findings point out that ERM suffers from inadequate implementation at national-level risk management reporting, thus portrayed by the lack of literature and underscores the necessity for a comprehensive and integrated risk management strategy in the industry, as well as identifies issues such as political instability and tax liabilities, resource allocation, strategic credibility and reputation, technological disruptions and regulatory and compliance changes.

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Business ethics,Companies,Firms,Organisations,Risk assessment/mitigation SMEs,Risk management,Subcontracting

• Economics and Business - Social Sciences