CC Freight is a freight forwarding business. It sends containers of freight from Heathrow to other airports around the world. It specialises in consolidating the freight of different shippers into a single container, in order to obtain the benefit of lower freight charges for large shipments. The price that $\mathrm{CC}$ charges its clients covers a share of the airline flight costs and insurance, and provides a margin to cover its running costs and for profit. To make a satisfactory profit, $\mathrm{CC}$ needs to fill its containers at least $75 \%$ full, and at the moment is achieving and average 'fill' of $78 \%$. International trade and commerce has been growing in the past year, although at a slow rate.

CC's management is aware that airline flight costs are likely to rise next year due to higher fuel costs and because several major airlines (that have been suffering large losses) will be hoping to increase their prices.

Using the TARA framework, place each of the following risks in a cell of the TARA framework matrix:

Transcribed Image Text:

Risk 1: Downturn in international Risk 2: Insufficient freight to fill trade containers Risk 3: Higher airline flight costs Risk 4: A major airline will go out of business