While the next generation of advanced manufacturing is likely to look different from the assembly lines of the past, the risks and challenges industry must consider to ensure any new operations are resilient from the outset, are both similar and different.
Risk can take many forms. As important as it is for company directors to monitor risks from the pandemic, a close eye must also be kept on more traditional property risks including fire or damage from natural disasters.
Companies are increasingly vulnerable to indirect supply chain disruptions and need to factor this into their supply chain risk management.
Despite the increasing complexity of supply chain risk management, it seems executives in C-suites could do more to address the issue directly.
New gas turbine technology is on the rise and with it comes new risks. While the technology may hold promise for filling the renewable energy gap and comes with impressive efficiency gains, these benefits can easily lead to losses if risks are not properly understood and managed.
Across all industries, innovation—the ability to adapt to changing market circumstances and create a competitive advantage—is vital for business resilience. Innovation can take many forms. While the impact of these advancements could be significant, innovation can also bring risks.
While acquisition strategies are an essential part of fuelling future growth, the risk implications are often extensive. The acquiring business must address these throughout the transaction and subsequent integration process.