ASSIGNMENT- THE RISK MANAGEMENT PROCESS

Modern World Logistics Limited is an International Company with its headquarters, product development and Risk Management functions based in Dzorwulu, Ghana. The companys manufacturing plant is based in Brazil, South America and exports by air, land, rail and sea to destinations across Africa, Central America, South America, and Central Europe.

The company owns and occupies offices spaces across various international trading centers and its key staff are based in Accra and travel extensively across the world out of their Headquarters. The companys long-term strategic objective is to expand into middle income economies with increasing marketing opportunities like China, Thailand and Indonesia.

Question One (15 MARKS)

Provide an outline of the risk management process Modern Logistics Limited is likely to follow. What might be involved at each stage of the process?

Question Two (15 MARKS)

Discuss the likely strategic and operation themes and issues to be addressed in the risk management policy.

Question Three (10 MARKS)

Describe the nature of the international risks Modern World Logistics will probably face.