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The following is a survey of the types of risks that can be classified within these two broad categories and some methods by which companies can help mitigate or avoid such risks. Lastly, an analysis of both types of risks will be applied to a real-world case scenario.
II. General Risks
The general risk category can further sub-divided into several sub-categories. There are operational risks, risks associated with balancing supply with demand, transportation risks, communication and information risks, supply chain integration risks, and external risks.
A. Operational Risks
One of the primary operational risks is the degree of contingency planning exposure...
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