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Suppose a global garment manufacturing company has a manufacturing plant in San Francisco. tt is predicted that due to bad weather conditions, the cotton harvests
Suppose a global garment manufacturing company has a manufacturing plant in San Francisco. tt is predicted that due to bad weather conditions, the cotton harvests are expected to decline this season. This willead to a shortage of raw materials used to manufacture goods and will hamper the manufacturing operations by disrupting the supply chain. Assume that you are a member of this company's risk management committee. How would you categorise the risk velocity of this event on a scale ranging from low (risk manifests in a few years), medium (risk manifests in a few months) to high (risk manifests in a few weeks) based on the information provided? Answere Options. a) Low b) Medium c) High d) Uncertain
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