Imagine you are a risk manager for a mid-sized manufacturing company that produces consumer electronics. The company has recently decided to expand into a new market by introducing a line of smart home devices. Your task is to identify and assess the risks associated with this expansion using the ERM framework. Some of the risks you might consider include supply chain disruptions, cybersecurity threats, changes in consumer demand, regulatory compliance issues, and reputational damage. Develop a risk assessment report that outlines the potential risks, the likelihood of their occurrence, their potential impact on the company, and recommended risk response strategies. Your report should also include a risk management plan that outlines how the company will monitor and manage the identified risks."