Identify three existing or potential risks within Edwards Lifesciences discussed supply chain.

Discuss why you have chosen each of these risks, i$.$e$.$ their potential impact on the

organisation.

Examine if they are risks arising from how the supply chain is structured, or is it because of

product design, single sourcing strategies, poor supplier relationships, lack of suppliers etc.

What is their probability of occurrence? Remember some risks will have greater impact than

others, some will have less probability of occurring, but their impact could be greater if they

are realised than those with higher likelihood of occurrence. $(9$ marks$)$

In this section, you can use an example where the risk has already been realised, for e$.$g$.$

switching suppliers as a result of Brexit or challenges that have surfaced as a result of the

Covid $19$ pandemic, blockages in logistics for goods coming from Asia. Your organisation

may have dealt with the consequences of this already. As with many cases, challenges and

fragilities within supply chains are often exposed by crisis and critical incidents such as these,

so you will be able to use the benefit of hindsight to discuss this risk if you choose these as

examples.