You are the CEO of a Canadian firm or you own your company that import products or raw material from an overseas supplier. As the CEO, one of your primary responsibilities is to cut cost. It is your responsibility to find a new supplier overseas and convince the board to give you permission to start buying from the new supplier you have found.

1. athroughexplanationwhythecompanyshouldchangesuppliers,includethefollowingriskassessmentyouhavedoneonthenewsupplier:

• 1. TradeRisks:product,finance,currency,andcommercialrisk.Outlinemeasuresyouwillputinplacetomitigaterisk
• 2. Risk Assessment: political, countrys adverse business and economical risk some or all may or may apply depending on your suppliers country (new or old supplier). Outline measures you will put in place to mitigate risk