{"id":12816,"date":"2023-08-03T23:18:51","date_gmt":"2023-08-03T21:18:51","guid":{"rendered":"https:\/\/global-china-sourcing.com\/?p=12816"},"modified":"2023-08-03T23:18:51","modified_gmt":"2023-08-03T21:18:51","slug":"risk-management-in-manufacturing","status":"publish","type":"post","link":"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/","title":{"rendered":"Risk Management in Manufacturing"},"content":{"rendered":"<p>Risk management in manufacturing refers to many of the unique challenges that the industry faces.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/global-china-sourcing.com\/wp-content\/uploads\/2023\/08\/risks-in-manufacturing-219x300.jpg\" alt=\"\" width=\"219\" height=\"300\" class=\"alignright size-medium wp-image-12818\" srcset=\"https:\/\/global-china-sourcing.com\/wp-content\/uploads\/2023\/08\/risks-in-manufacturing-219x300.jpg 219w, https:\/\/global-china-sourcing.com\/wp-content\/uploads\/2023\/08\/risks-in-manufacturing.jpg 400w\" sizes=\"auto, (max-width: 219px) 100vw, 219px\" \/><\/p>\n<blockquote>\n<p>\u201eThe essence of risk management lies in maximizing the areas where we have some control over the outcome while minimizing the areas where we have absolutely no control over the outcome.\u201c<br \/><strong>Peter L. Bernstein<\/strong><\/p>\n<\/blockquote>\n<p>Manufacturing risks can arise due to the nature of the materials in use, the equipment, the people, or even the location of the factory. It is at all times important to know the risks and identify all the various risks that can arise.<\/p>\n<p>One must know and understand the probability of the risks arising and the potential impact it has on the business, the workers, customers and suppliers.<\/p>\n<h2>Risk Management Plan<\/h2>\n<p>Have a plan. Do risk audits. It is important to have a risk management plan with the criteria for risk acceptability defined in the plan and how the effectiveness of those controls will be verified.<\/p>\n<blockquote>\n<p>\u201eThe key to risk management is never putting yourself in a position where you cannot live to fight another day.\u201c<br \/><strong>Richard S. Fuld, Jr.<\/strong><\/p>\n<\/blockquote>\n<h3>Globalization &#038; Technology<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/global-china-sourcing.com\/wp-content\/uploads\/2023\/08\/manufacturing-rick-management.jpg\" alt=\"\" width=\"300\" height=\"208\" class=\"alignright size-full wp-image-12822\" \/>Increased globalization and advancing technology offer new opportunities for manufacturers worldwide. With the opportunities there are also new potential risks along. One must remain competitive embracing new developments and implementing risk management in the manufacturing process.<\/p>\n<p><em>Some of the risks to look at are:<\/em><\/p>\n<ul>\n<li><strong>Supply chain risk<\/strong> &#8211; influenced by natural disaster, covid, etc.<\/li>\n<li><strong>Labor risk<\/strong> &#8211; injuries, special labor, etc.<\/li>\n<li><strong>Material quality risk<\/strong><\/li>\n<li><strong>Financial risk<\/strong><\/li>\n<\/ul>\n<h3>Lowering Risk in Manufacturing<\/h3>\n<p><strong>Do you wish to lower the risks in manufacturing?<\/strong> Global Trade Specialists will help you. We work with many manufacturers in China matching your request with the best manufacturer for your job. In this way we secure the quality of the material used, the price, production of your custom items to the specific sizes, amounts, tolerances, and quality requested.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Risk management in manufacturing refers to many of the unique challenges that the industry faces. \u201eThe essence of risk management lies in maximizing the areas where we have some control over the&#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[72,83,67],"tags":[],"class_list":["post-12816","post","type-post","status-publish","format-standard","hentry","category-business-topics","category-manufacturing","category-product-development"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Risk Management in Manufacturing - Global Trade Specialists, E.U.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Risk Management in Manufacturing - Global Trade Specialists, E.U.\" \/>\n<meta property=\"og:description\" content=\"Risk management in manufacturing refers to many of the unique challenges that the industry faces. \u201eThe essence of risk management lies in maximizing the areas where we have some control over the...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/\" \/>\n<meta property=\"og:site_name\" content=\"Global Trade Specialists, E.U.\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-03T21:18:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/global-china-sourcing.com\/wp-content\/uploads\/2023\/08\/risks-in-manufacturing-219x300.jpg\" \/>\n<meta name=\"author\" content=\"Thomas Neumann\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Thomas Neumann\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/\"},\"author\":{\"name\":\"Thomas Neumann\",\"@id\":\"https:\/\/global-china-sourcing.com\/en\/#\/schema\/person\/c7ab7262d4478cd8aef2042f0e84bb6c\"},\"headline\":\"Risk Management in Manufacturing\",\"datePublished\":\"2023-08-03T21:18:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/\"},\"wordCount\":314,\"publisher\":{\"@id\":\"https:\/\/global-china-sourcing.com\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/global-china-sourcing.com\/wp-content\/uploads\/2023\/08\/risks-in-manufacturing-219x300.jpg\",\"articleSection\":[\"Business Topics\",\"Manufacturing\",\"Product development\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/\",\"url\":\"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/\",\"name\":\"Risk Management in Manufacturing - Global Trade Specialists, E.U.\",\"isPartOf\":{\"@id\":\"https:\/\/global-china-sourcing.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/global-china-sourcing.com\/wp-content\/uploads\/2023\/08\/risks-in-manufacturing-219x300.jpg\",\"datePublished\":\"2023-08-03T21:18:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/#primaryimage\",\"url\":\"https:\/\/global-china-sourcing.com\/wp-content\/uploads\/2023\/08\/risks-in-manufacturing-219x300.jpg\",\"contentUrl\":\"https:\/\/global-china-sourcing.com\/wp-content\/uploads\/2023\/08\/risks-in-manufacturing-219x300.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/global-china-sourcing.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Risk Management in Manufacturing\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/global-china-sourcing.com\/en\/#website\",\"url\":\"https:\/\/global-china-sourcing.com\/en\/\",\"name\":\"Global Trade Specialists, E.U.\",\"description\":\"erfolgreiche Beschaffung von Produkten aus China nach Europa\",\"publisher\":{\"@id\":\"https:\/\/global-china-sourcing.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/global-china-sourcing.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/global-china-sourcing.com\/en\/#organization\",\"name\":\"Global Trade Specialists, E.U.\",\"url\":\"https:\/\/global-china-sourcing.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/global-china-sourcing.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/global-china-sourcing.com\/wp-content\/uploads\/2022\/02\/GTS-Logo-square.jpg\",\"contentUrl\":\"https:\/\/global-china-sourcing.com\/wp-content\/uploads\/2022\/02\/GTS-Logo-square.jpg\",\"width\":400,\"height\":400,\"caption\":\"Global Trade Specialists, E.U.\"},\"image\":{\"@id\":\"https:\/\/global-china-sourcing.com\/en\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/global-china-sourcing.com\/en\/#\/schema\/person\/c7ab7262d4478cd8aef2042f0e84bb6c\",\"name\":\"Thomas Neumann\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/b44244a0b0148041555520c97cd4df98e4e8312bd2b5f0f12b029a8f2e82c1e1?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b44244a0b0148041555520c97cd4df98e4e8312bd2b5f0f12b029a8f2e82c1e1?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b44244a0b0148041555520c97cd4df98e4e8312bd2b5f0f12b029a8f2e82c1e1?s=96&d=mm&r=g\",\"caption\":\"Thomas Neumann\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Risk Management in Manufacturing - Global Trade Specialists, E.U.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/","og_locale":"en_US","og_type":"article","og_title":"Risk Management in Manufacturing - Global Trade Specialists, E.U.","og_description":"Risk management in manufacturing refers to many of the unique challenges that the industry faces. \u201eThe essence of risk management lies in maximizing the areas where we have some control over the...","og_url":"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/","og_site_name":"Global Trade Specialists, E.U.","article_published_time":"2023-08-03T21:18:51+00:00","og_image":[{"url":"https:\/\/global-china-sourcing.com\/wp-content\/uploads\/2023\/08\/risks-in-manufacturing-219x300.jpg","type":"","width":"","height":""}],"author":"Thomas Neumann","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Thomas Neumann"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/#article","isPartOf":{"@id":"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/"},"author":{"name":"Thomas Neumann","@id":"https:\/\/global-china-sourcing.com\/en\/#\/schema\/person\/c7ab7262d4478cd8aef2042f0e84bb6c"},"headline":"Risk Management in Manufacturing","datePublished":"2023-08-03T21:18:51+00:00","mainEntityOfPage":{"@id":"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/"},"wordCount":314,"publisher":{"@id":"https:\/\/global-china-sourcing.com\/en\/#organization"},"image":{"@id":"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/#primaryimage"},"thumbnailUrl":"https:\/\/global-china-sourcing.com\/wp-content\/uploads\/2023\/08\/risks-in-manufacturing-219x300.jpg","articleSection":["Business Topics","Manufacturing","Product development"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/","url":"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/","name":"Risk Management in Manufacturing - Global Trade Specialists, E.U.","isPartOf":{"@id":"https:\/\/global-china-sourcing.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/#primaryimage"},"image":{"@id":"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/#primaryimage"},"thumbnailUrl":"https:\/\/global-china-sourcing.com\/wp-content\/uploads\/2023\/08\/risks-in-manufacturing-219x300.jpg","datePublished":"2023-08-03T21:18:51+00:00","breadcrumb":{"@id":"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/#primaryimage","url":"https:\/\/global-china-sourcing.com\/wp-content\/uploads\/2023\/08\/risks-in-manufacturing-219x300.jpg","contentUrl":"https:\/\/global-china-sourcing.com\/wp-content\/uploads\/2023\/08\/risks-in-manufacturing-219x300.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/global-china-sourcing.com\/en\/risk-management-in-manufacturing\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/global-china-sourcing.com\/en\/"},{"@type":"ListItem","position":2,"name":"Risk Management in Manufacturing"}]},{"@type":"WebSite","@id":"https:\/\/global-china-sourcing.com\/en\/#website","url":"https:\/\/global-china-sourcing.com\/en\/","name":"Global Trade Specialists, E.U.","description":"erfolgreiche Beschaffung von Produkten aus China nach Europa","publisher":{"@id":"https:\/\/global-china-sourcing.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/global-china-sourcing.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/global-china-sourcing.com\/en\/#organization","name":"Global Trade Specialists, E.U.","url":"https:\/\/global-china-sourcing.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/global-china-sourcing.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/global-china-sourcing.com\/wp-content\/uploads\/2022\/02\/GTS-Logo-square.jpg","contentUrl":"https:\/\/global-china-sourcing.com\/wp-content\/uploads\/2022\/02\/GTS-Logo-square.jpg","width":400,"height":400,"caption":"Global Trade Specialists, E.U."},"image":{"@id":"https:\/\/global-china-sourcing.com\/en\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/global-china-sourcing.com\/en\/#\/schema\/person\/c7ab7262d4478cd8aef2042f0e84bb6c","name":"Thomas Neumann","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/b44244a0b0148041555520c97cd4df98e4e8312bd2b5f0f12b029a8f2e82c1e1?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/b44244a0b0148041555520c97cd4df98e4e8312bd2b5f0f12b029a8f2e82c1e1?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b44244a0b0148041555520c97cd4df98e4e8312bd2b5f0f12b029a8f2e82c1e1?s=96&d=mm&r=g","caption":"Thomas Neumann"}}]}},"_links":{"self":[{"href":"https:\/\/global-china-sourcing.com\/en\/wp-json\/wp\/v2\/posts\/12816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/global-china-sourcing.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/global-china-sourcing.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/global-china-sourcing.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/global-china-sourcing.com\/en\/wp-json\/wp\/v2\/comments?post=12816"}],"version-history":[{"count":6,"href":"https:\/\/global-china-sourcing.com\/en\/wp-json\/wp\/v2\/posts\/12816\/revisions"}],"predecessor-version":[{"id":12826,"href":"https:\/\/global-china-sourcing.com\/en\/wp-json\/wp\/v2\/posts\/12816\/revisions\/12826"}],"wp:attachment":[{"href":"https:\/\/global-china-sourcing.com\/en\/wp-json\/wp\/v2\/media?parent=12816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/global-china-sourcing.com\/en\/wp-json\/wp\/v2\/categories?post=12816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/global-china-sourcing.com\/en\/wp-json\/wp\/v2\/tags?post=12816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}