February 14, 2025

Risk Assessments: Taming Project and Product/Process Level Risks

38 minutes

In Episode 257, hosts Adrian and Renaud explore risk assessments and the importance of understanding risks at both macro (project) and micro (product) levels. With practical insights, they explore how businesses can identify potential risks in new product development, supply chain setups, and manufacturing processes.

Assessing risks is a fundamental practice that can save businesses from costly mistakes, compliance issues, and unforeseen market disruptions. Join us as we break down why risk assessments matter, how to conduct them effectively, and the best strategies to mitigate threats in manufacturing, especially for those sourcing from China and Asia.

Show Sections

00:00 - Introduction & U.S. Tariff Updates

04:27 - Understanding Risk Assessments: Why They Matter

07:04 - Project-Level Risks in Manufacturing

11:00 - Product & Process-Level Risks

23:20 - How to Conduct a Risk Assessment

29:49 - Risk Mitigation Strategies & Best Practices

36:06 - Conclusion: Key Takeaways

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