Risk in Context

Context matters. It is tempting to identify risks that, while real, are not relevant to your context. There are some risks that are simply too large or too derivative to spend time analyzing.
For example, a regional chain of grocery stores might initially identify changes to food labelling as a regulatory risk. The grocery store chain lacks the resources to comment or influence the regulatory process. More important, as a retailer the labeling law does not change how they sell food products.
The law and changes to it certainly affect their suppliers and the food producers. In the end, they correctly decide that their *context* allows them to take this risk off the list.