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https://youtu.be/Q35AsGJmCAM. - YouTube In the video, the speaker discusses various aspects of risk management and how companies can be successful in implementing various strategies. Several

https://youtu.be/Q35AsGJmCAM. - YouTube

In the video, the speaker discusses various aspects of risk management and how companies can be successful in implementing various strategies. Several important points about risk management were discussed, with the first being about how risk management is important in order to protect against losses, or to mitigate risks. Those losses or types of risk can come from a variety of sources, such as natural disasters, accidents, or even political instability.Supply chains can be disrupted by a variety of factors, such as weather, political instability, or even strikes. It is important for businesses or companies to do their best to become aware of anything that could put them in risk so they can do their best to avoid them, but also understand it is impossible to think of everything.

Companies also have the option to use insurance to protect themselves from losses due to natural disasters or other events. Insurance can be a very valuable tool in mitigating certain uncontrollable risks. Additionally, companies can use hedging to protect themselves from fluctuations both with price and in the market, as well as interest rates. Finally, the speaker talks about how companies can use risk management to improve their bottom line. Some benefits of successfully managing risks include saving money and improving their profitability. Overall, the video provides an overview of the various aspects of risk management and how companies can be successful in mitigating those risks.

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