JIT2 Task A Risk Management Serena.docx

The other unfavorable conditions are man made and

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could hit business zones and cause production to stop for a while until the business recovers. The other unfavorable conditions are man-made and they come from political situations that cause wars and migration of population that affects availability of workers. The source of this risk is changing political situations, and the threat that natural catastrophes may happen in the seismic zones. The likelihood of occurrence of supply chain risk is medium because natural catastrophes do not happen very often. The geopolitical changes however do and they affect business once in a while. The risk posed on the business is medium: suppliers delay delivering components or there may be delays in product delivery if logistics hubs are not in order. This could cause decline in profitability and risk the competitive position of the business. However, the business has a global reach and much as many plants are located in the Asia Pacific due to the availability of skilled and cheap unskilled labor, Tyndall also has several plants and suppliers in the West that
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RISK REGISTER 9 may continue keeping the business afloat while the affected plants in Asia Pacific recover from effects of the unfavorable conditions. The controllability of this risk is also medium since political situations and natural catastrophes are controlled by factors without the reach of the company’s talons. They can only control the risk by being having plans in place that can avert the effects of the risk. The company should respond to this risk by seeking insurance for wars, political upheavals and having a working plan for business continuity after in the event that the disasters strike. They should also identify stable suppliers who are strategically placed and have a small likelihood of being affected by politics and catastrophes. They do this through proper inspection of suppliers to determine the most stable ones who also meet their needs. 8. Technology Risk Technology itself is a risk because of its constant evolution as people discover ways of improving it, is inevitable. Being in the technology industry is challenging because innovations come up all the time, fueled by the drive to use technology to achieve more every day, and improve convenience. This leads to competitors researching and innovating new ideas and products in order to increase their competitive edge. Telecommunications and technology industry is therefore very competitive. The source of this risk is that currently, the evolution of technology has led to the advent of useful mobile gadgets and they are gaining relevance over PCs whose sales are cashing less and less every season. People are turning to mobile devices because they are easy to move around with and they help to achieve things the same way that PCs would. They are also easy to replace as consumer preferences evolve along with technology.
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  • Summer '14
  • Tyndall, Tyndall Telecom

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