This podcast chat provides a great case study of risk management in action - and not just that but uses an upside risk (an opportunity) as the example.
My guest is Jonathan Egan, CEO and Founder of FabCast Solutions, a vertically integrated contract manufacturing company that specializes in engineered metal and plastic components for small-to-midcap companies.
Jonathan foresaw the increasing demand for nearshoring, and established FabCast Solutions SRL de CV in México to help them assist US businesses in relocating their operations from the Far East to North America.
This provided additional production capacity and cost savings.
Why Mexico you ask? Think of cheaper energy prices, raw material prices being unstable in East Asia, the various tariffs on imported Chinese goods coming into the US, and Mexico bringing more predictable production lead times!
This episode provides an insight into an organisation that has seen an opportunity and used risk management techniques to bring it to reality.
I hope you enjoy the conversation as much as I did!
Contact ABM Risk Partnership to optimise your risk management approach:
- email us: info@abmrisk.com.au
- Tweet us at @4RiskCme
- Visit our LinkedIn page https://www.linkedin.com/company/18394064/admin/
Thanks for listening to the show and please keep your guest suggestions coming!
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