Manufacturers face many risks terms of availability of raw materials, suppliers, distributors and customers. Besides production and distribution risks, they also face the risk of competing in the competitive global market and economies. This makes it difficult because manufacturers have too much on their plates from corporate decisions to consumer demands and expectations. The risk of being a manufacturer is high even though it could be containable. Consumers also research on whether manufacturers are using cheap labor to produce their goods or services. Many companies have been risk of using cheap labor and they have lost their credibility as well as their customers. Managers have some guidelines to follow in other to manage their risks. Some of the ways to manage their risks is to set up supply chains, strategic distribution systems, using sustainable materials and have a good corporate social
Manufacturers face many risks terms of availability of raw materials, suppliers, distributors and customers. Besides production and distribution risks, they also face the risk of competing in the competitive global market and economies. This makes it difficult because manufacturers have too much on their plates from corporate decisions to consumer demands and expectations. The risk of being a manufacturer is high even though it could be containable. Consumers also research on whether manufacturers are using cheap labor to produce their goods or services. Many companies have been risk of using cheap labor and they have lost their credibility as well as their customers. Managers have some guidelines to follow in other to manage their risks. Some of the ways to manage their risks is to set up supply chains, strategic distribution systems, using sustainable materials and have a good corporate social