Please help me identity anybusiness risksbelow. Also how can i prevent those risks on occurring. Thank you in advance.

Purchases and inventory

1.50% purchase from Australian, 50% from Asia

2.Inventory is pad in the relevant currency of the country it is purchased.

3.Raw materials have been valued at average cost

4.Allowance for inventory obsolescence has existed in the previous years to cover the estimated decline in value from the effects of storage hazards.

5.Work-in-progress is valued at the cost of raw materials, labour and a proportion f manufacturing overheads on normal capacity.

6.Warehouse is closed 28 to 30 for stocktake.