Tag: industry risk assessment

Oil and Gas Industry Risk Assessment

Business Risk Management: Ways to Tackle Potential Business Risks

What is business risk management?

Business risk management is a subset of risk management that is used to examine and understand the risk occurring due to changes in the processes, systems, or other business operations. A business risk framework identifies, tracks, prioritizes, and addresses risks to minimize adversities from unexpected events. Companies can gain the ability to make more informed risk-based decisions with the help of business risk management plan.

With a business risk management plan, businesses can prepare for the unexpected by minimizing risks and extra costs before they happen. By having a risk management plan in place, companies can also save money and make the organization’s future secure.

Identifying and tackling business risks is not an overnight task, it requires careful planning and strategic execution. Request a free proposal to know how we can help create an ideal business risk management framework for your organization.

Business risk management process

  • Identifying risks – Identifying the evolving risks by analyzing internal and external factors that affect the key business objectives.
  • Analyzing risks – It includes the standardization and creation of probability distributions of outcomes for each material risk.
  • Responding to risk – Once potential risks are identified and analyzed, an appropriate strategy needs to be incorporated to address the risk. This is done either by establishing new processes or eliminating the risk, depending on the type and severity of the risk.
  • Monitoring risk and opportunities – The final step in a business risk management process involves continually measuring the risks and opportunities of the business environment. Companies must also keep a check on the performance of different management strategies.

 

Business risk management challenges and how to overcome them

Speed of information

In an era where news and information travel faster than wildfire, businesses do not have the luxury of time to undertake decision-making and formulate strategies as a part of business risk management once the news of a risk event is released. In several cases, a single risk event is attached to other unrelated risk events and when combined it may rapidly begin to erode the organization’s reputation and goodwill. To address such situations, some organizations are working proactively to consider their organization’s responses and business risk management strategies more robustly and well in advance of an actual event. Having different response playbooks that have business risks management strategies and responses identified in advance helps them to quickly respond to risk issues and diffuse some of the adverse effects on a timely basis.

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Complexity of business

Cyber threats, disruptive innovation, regulatory shifts, and changing social demographics may trigger significant risks for an organization. Furthermore, these risk drivers may be related to or can trigger other risks, adding to the complexity of the business risk management challenge.  Despite this, the top management in most companies fail to recognize the value of embracing a more holistic and team-based enterprise-wide approach to risk assessment and mitigation. To overcome such setbacks, some organizations are rethinking how they approach risk identification and assessment to find ways to bring together the collective minds of a number of individuals to think through potential risk drivers explicitly and proactively. This is done based on the perceived benefits of putting several minds to work when identifying and assessing risks. It is essential to have varied perspectives on complex risk issues in order to face the realities of today’s complex business environment.

Integration of risk oversight and strategy

Some organizations may experience a disconnect between their organization’s business risk management and strategic planning activities. In many companies, business risk management is viewed as a compliance or regulatory activity. This means that often risk management in organizations are transferred to a lower level, non-strategic position. As a result, the organization’s business risk management efforts are often inadequately integrated with strategic planning. To address this challenge, rather than starting off by analyzing what drives value for the organization, companies must first understand what risks are on the horizon. By starting the conversation with what is strategically important to the business and then asking what might prevent that from succeeding, business leaders will be able to identify how business risk management can be positioned to provide strategic value.

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Industry Risk Assessment for a Leading Vegan Food Online Distributor

The continued proliferation of vegan food-related business stories and developments that have occurred during the past year demonstrate that this movement is just getting started in making its mark. Click To Tweet

2016 was an unforgettable year for many since that year was hailed as the year of veganism. Though many still see veganism, i.e., the abstinence from the use of animal and dairy products, as an extreme cultural practice. Its growing popularity is a clear indicator that the consumption of vegan food products is no longer a marginalized social movement. Vegan food products, although a niche market segment, is growingly rapidly due to the widespread adoption of veganism throughout the world. Its contribution to the ecological footprint and abstinence from animal cruelty are other factors for the rise in consumption of vegan food products.Request Proposal

The Business Challenge

  • The Client: A vegan food online distributor

A leading vegan food online distributor specializing in import/export and distribution of vegan food products in the U.S wanted to understand the relative risks in the industry. To implement an effective procedure for assessing the risks the client approached Infiniti Research. They were looking at leveraging our expertise in industry risk assessment to analyze market risks and maximize savings by being proactive rather than being reactive.


Industry Risk Assessment Benefits

Risk assessments offer a clear understanding of where a company stands considering the current global scenario and the factors affecting the market. Though this process seems to be tedious, or sometimes tyrannical, it helps companies gauge risks and make necessary adjustments to their business strategies. However, in the vegan food products segment, this is now turning out to be a necessity.


Summary of Our Industry Risk Assessment Engagement

Vegan food

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Client’s Journey

The market experts at Infiniti Research adopted a comprehensive approach to identify and analyze the risks in the vegan food market. It included a detailed analysis of factors affecting market growth and its impact on business strategies.

The industry risk assessment study included in-depth primary and secondary research coupled with qualitative and quantitative data collection procedures. The risks assessment experts also took inputs from various stakeholders in the vegan food market.

Solution Benefits and the Business Impact

This study enabled the vegan food online distributor to implement a robust risk management system to identify market risks. The comprehensive analysis of the risks from the point of view of our specialists helped leverage their industry expertise and draw a conclusion from vast datasets to mitigate risks.Get More Info

The solutions offered also enabled the vegan food online distributor to gain detailed insights into the potential risks in market expansion. This, in turn, helped them alter business strategies and expand their business units to enhance reach.


The Future of Vegan Food Products Segment

With the increasing complexities of the global vegan food products segment, leading organizations are finding it hard to scale up in terms of sustainability. Due to many such factors, capital expenditure plans are torpedoed and insightful business strategies are being ignored across sectors. However, to set precise business plans and act accordingly, it is essential to assess the risk in the industry that has the potential to destroy their business goals.


A must-read case study for companies looking to develop an understanding of the importance of risk assessment in the vegan food products segment.

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5-step Guide to a Successful Risk Management Process

Are you someone who would buy a poster that says, “Risk Happens”? If you’ve answered yes and you believe that life is in no way certain, then you’re definitely a project manager. Risk is a part and parcel of any business venture. In any business scenario, the risk management process encompasses steps such as evaluating, identifying, and prioritizing issues on the basis of their economic impact.Get more info

While executing a project, you will definitely face a number of risks and issues. But how do you manage something that’s as elusive as project risk management in today’s dynamic market space? The answer is simple, you must establish an effective risk management process. Setting up processes can make the unmanageable manageable, and if you want to take what looks like a disadvantage and turn it to an advantage, follow our five-step guide to establishing a good risk management process:


#Step 1: Analyze the situation

Recognizing circumstances where risks arise is a critical aspect of every risk management process. Understanding the relationship between your business and the environment in which the risk exists will help you judge the boundary to which the risk exists.


#Step 2: Identify the risks

Risk identification is another key step in every risk management process. It involves the identification and analysis of specific risks associated with certain hazards. However, risk identification doesn’t imply a situation where you or the management will have to factor in distant possibilities. Every form of risk can be categorized into the following: ethical, financial, legal, and physical. All of these can play a critical role in influencing your business outcomes and brand reputation.


#Step 3: Evaluate or assess risks

This step of the risk management process involves building an understanding of the risks that have been identified and subsequently determining how dangerous that particular risk is and its likelihood. This risk management process takes into account two factors, such as likelihood and severity, and involves the process of evaluating the probability of occurrence and the subsequent impact of each risk factor. The priority can be estimated by combining the effect of probability and consequences.


#Step 4: Regulate or control risks

Once all the steps given above have been completed, the next step in your risk management process would be to control these risks. For instance, in a workshop, if an employee is working under a machine that may fall at any moment on top of him, the process of risk control or regulation would first involve moving the worker to a safer location and then fixing the machine so that it doesn’t harm anyone. The steps involved in risk regulation or control are as follows: eliminating hazards, substituting hazards, isolating hazards, and restricting control.


#Step 5: Monitor and evaluate risks

Risk monitoring and evaluation is the final step in every risk management process. It involves developing an understanding of the impact of the control mechanisms that were developed for the hazard and the risk it poses. If the hazard or issue doesn’t pose the same challenge which was intended to be controlled, then the risk management strategy will be evaluated as successful. This step is critical for ensuring that no mistakes were made and the risk doesn’t spiral out of control.


To know more about risk management process and the best risk mitigation strategies
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Industry Risk Assessment: Assessing Risks Affecting the Realization of Different Strategic and Tactical Goals for an Auto Parts Manufacturer

Amid wrenching changes in global economies and market dynamics, players in the global auto parts market must prepare for the transformations brought on by the preference for digitization and convenience.

The global auto parts market has been an integral part of the economy ever since the discovery and commercialization of automobiles itself. Even today, the auto parts market remains highly essential – and both the medium and small-sized auto parts manufacturers play a critical role. A wave of technology-driven disruptions and the popularity of autonomous functionalities are compelling automakers to enhance productivity to respond quickly to the changing market landscape.

Like companies operating in other sectors, companies in the auto parts market also face unique challenges that they must address immediately to create a long-lasting success. Environmental constraints and regulatory factors act as major constraints for players in the auto parts market; thereby, pressurizing auto parts Request Proposalmanufacturers to leverage state-of-the-art technologies to meet the new requirements.

The Business Challenge

  • The client: A auto parts manufacturer

With an objective to identify market risk, the client – a leading player in the auto parts market – approached Infiniti to engage in an industry risk assessment study that would help them analyze the global automotive landscape and assess market risks while considering the assumptions and uncertainties in the global auto parts market. The main objective of this risk assessment study was to gather targeted information about industry risks that pose potential pitfalls to the business operations.

How Can Risk Assessment Help Companies in the Auto Parts Market?

In today’s regulatory environment, effective risk management is increasingly becoming important for organizations across sectors. Risk assessment studies enable organizations to gain a holistic view of the potential risk factors that they face – allowing them to manage risks and capitalize on the opportunities. Also, several regulatory bodies have made it mandatory for organizations to have a detailed understanding of their risk profiles to implement the appropriate governance structure and mitigate their risks.


Summary of our risk assessment solution

Auto Parts Market

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Client Journey

To help the client gauge numerous factors influencing their growth in the auto parts market and assess the overall brand perception, the risk assessment experts at Infiniti followed a strategic research approach. The approach included primary and secondary research methodology coupled with qualitative and quantitative data collection procedures. The experts also reached out to various stakeholders and stakeholders in the auto parts market.

Solution Benefits and the Business Impact

With the aid of Infiniti’s risk assessment engagement, the auto parts manufacturer was able to devise a risk library that provided a framework for the risk management process. The impact and likelihood values were also assigned to each risk factor based on certain risk criteria – current risk mitigating strategies, the frequency of occurrence, impact, and previous occurrence. Moreover, the client also gained significant insights on the auto parts market landscape – bringing about substantial changes in the company’s overall risk profile.

The Future

A technological movement stemming from innovative initiatives and large R&D budgets by some of the world’s leading automotive companies are powering a connected and autonomous vehicle phenomenon that will inevitably change the world. With autonomous vehicles becoming widespread, the global auto industry will continue to evolve into innovative technologies and sales models in the future.

Given that the global automotive industry is expected to witness enormous growth in the coming years, there will be a higher preference for sourcing auto parts from local OEM’s, which in a way is a boon for companies operating in the auto parts market.


A must-read case study for strategy specialists and decision makers looking to develop an understanding of the auto parts market.

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IR6

Case Study on Industry Risk Assessment for a Leading Animal Nutrition Company

Animal nutrition focuses primarily on the dietary needs of animals, mainly those in agriculture and food production, and also in zoos, aquariums, and wildlife management. Animal nutrition companies are the ones that develop and deal with the manufacture of nutrition premixes, feed additives, and other related services. Based on research, several leading companies have started developing better formulations to enhance the quality of IR_RFPanimal feed.

The Business Challenge

The client A leading animal nutrition company, involved in the research and development of animal feed.

Objective To assess the risks and opportunities in the market space and help them determine potential expansion areas by implementing a risk assessment study.

The client, a leading animal nutrition company, specializing in the manufacture of animal nutrition premixes, wanted to gain detailed insights into the potential industry risks that would lead to negative results. The client was looking at conducting a risk assessment study to identify industry risks and potential threats. They also wanted to understand the relative risks in different subsegments within the market space. Moreover, they wanted leverage risk assessment based solutions to evaluate and group the risks based on specific geographic areas.

Results With the help of our risk assessment solution, the client was able to gain detailed insights into the potential risks that helped them in developing an easy to use dashboard that enabled them to identify and compare industry risks in different geographical segments.

Risk Assessment

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The Journey

Infiniti’s industry risk assessment experts carried out extensive research, comprising interviews and discussions with leading stakeholders in the animal nutrition market space, to help the client achieve an integrated customer development process. Our risk assessment experts also compiled information from a wide array of secondary sources such as paid industry databases, company presentations, and industry forums.

The Solution and the Business Impact

Infiniti’s risk assessment solution helped the pharmaceutical industry client to gain detailed insights into the industry risks and potential threats. The risk assessment solution also helped them to focus on developing a dashboard that enables easy comparison of risk factors across their business units. It also provided detailed information on the psychographics and demographics of the target markets while taking into account the end-user demand for different geographies.


The Future

The animal nutrition sector is likely to become intertwined with information technology, eventually allowing for a flow of information throughout the operations. Also, the use of NIR technology and equipment advances will help in the analysis of raw materials in real time, allowing reformulations of animal nutrition.

Moreover, widespread digitization and technological innovations will result in real-time monitoring of animal nutrition in the feed. Furthermore, as technology evolves, it will also be possible to control digestion and nutrition utilization; whereas, the traditional formulation methods based on compositional analyses will play a less important role. However, analytics technologies such as advanced in vitro fermentation modeling, nutrigenomics, and NIR will intervene in nutrition formulation so that the nutritional value is defined and feed formulation and manufacturing become a more precise science.

Animal nutrition industry challenges:

  • Exchange rate instabilityGlobalization has made it possible to procure inexpensive raw materials from regions across the globe. This brings in issues related to exchange rate stability.
  • Safety and quality assuranceThe ongoing food scarcity will increase the pressure for manufacturers and marketers to ensure the animal feed is safe and of high quality. However, this will bring about several challenges for small players who may find it difficult to comply with such feed quality requirements.
  • GMOs Another factor that acts as a major challenge for players in this sector is the use of GMOs. Also, the industry players can cope equally well with or without GMO crops, but the presence of both is what acts as an impediment to the majority.

Several such challenges make it a necessity to implement risk assessment studies to identify potential risks and set risk management standards to overcome them.


A must-read case study for strategy specialists and decision makers looking to develop an understanding of the pharmaceutical industry.

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IR15

Infiniti’s Industry Risk Assessment Engagement Helps a Prominent Sustainable Packaging Materials Supplier to Evaluate Industry Risks and Develop New Packaging Solutions

The increase in environmental concerns and growing awareness about the use of eco-friendly products is expected to drive the growth of the global sustainable packaging materials market. The other factors include strict governmental policies for the safety of the environment coupled with the availability of incentives and regulatory support from the government. Moreover, the demand for sustainable packaging of food products from the food and beverage industry is projected to be a key growth driver for this sector. As the demand for sustainable packaging gradually increases, packaging designers and manufacturers of sustainable packaging are on the lookout for new technological innovations to boost their sustainable packaging designs. The innovative sustainable packaging materials include:

  • Aqueous barrier coatings
  • Micro-fibrillated cellulose
  • Molded fiber printing technology
  • Micro-patterned packaging materials

Though such factors and innovations primarily propel the growth of the global sustainable packaging market, other aspects such as the lack of stringent scenario in emerging economies are hindering its growth. IR_RFPHowever, the increasing scope of applications of sustainable packaging is likely to work in the favor of the market in the near future.

The Business Challenge

The client- A prominent sustainable packaging materials supplier

Objective- To identify, the relevant risks in the sustainable packaging sector and implement strategies to overcome them.

The client, a leading sustainable packaging materials supplier to various industrial segments such as healthcare, food and beverage, and others industries, wanted to leverage the use of Infiniti’s industry risk assessment solution to better understand the risks in the marketplace. The sustainable packaging materials supplier was looking at developing new packaging solutions to overcome the potential risks that existed in the market. The client also wanted a detailed report on the entry barriers, new opportunities, risks, and competition in the sustainable packaging market space.

Results- Assisted the client in identification and evaluation of major industry risks. Also, adopted and implemented appropriate risk mitigation strategies and developed new packaging solutions.

Sustainable Packaging

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The Journey

The risk assessment experts at Infiniti carried out extensive research, comprising of interviews and discussions with leading stakeholders across the sustainable packaging materials market space to help the client improve business efficiency. The experts at Infiniti further compiled information from a wide array of secondary sources such as paid industry databases, company presentations, and industry forums to help the client understand the competitive scenario.

The Solution and the Business Impact

Implementing an industry risk assessment engagement helped the client to identify potential risks and devise effective methods to overcome them. It also helped them to gain a better idea of the global sustainable packaging market landscape. The solution offered assisted them in predicting consumer behavior patterns for various sustainable packaging materials. Moreover, our risk assessment solution also enabled them to analyze and evaluate risks associated with the identified hazards.

The Future

The sustainable packaging landscape is evolving rapidly owing to the growing popularity of sustainable packaging materials. The use of traditional packaging materials made from fossil fuels may provide the required protection but creates environmental problems when it’s time for disposal. This is the main reason for the high demand for sustainable packaging materials. But at the same time, technological advances in digitization, IoT, and sensors are making packaging more complicated so that the products can be better tracked and monitored. However, one of the great things about the future of sustainable packaging materials is that many creative approaches are being developed to solve our current problem of waste management.


Sustainable packaging trends

  • Demand for recyclable materials: There is an increase in the demand for the use of recyclable materials such as cardboard, paper, and other such materials to ensure that the packaging creates the least impact to the environment.
  • The emergence of edible packaging: Adopting the use of edible packaging helps eliminate the packaging waste. Though this is a relatively new concept, several companies have already started focusing on developing such packaging materials to minimize plastic and paper wastes.
  • The huge scope for lightweight packaging materials: The use of lightweight packaging is gaining momentum across end-user segments owing to its various benefits. It helps in reducing manufacturing costs and also decreases wastage by utilizing less material to manufacture the packages.

Though risk identification and assessment is a proactive process, it is more cost effective to implement a robust risk management system earlier rather than creating a retrospective risk management system after the occurrence of an event. For players trying to gain a stronger foothold in the sustainable packaging material market space, it is best recommended to consider implementing an industry risk assessment engagement to gain detailed insights into potential threats. Therefore, organizations that carefully anticipate and access industry risks and challenges to address them proactively will emerge as the winner in this complicated marketplace.


A must-read case study for strategy specialists and decision makers looking to develop an understanding of the sustainable packaging materials market.

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Infiniti’s Industry Risk Assessment Helps A Leading Aircraft Parts Manufacturer Identify and Analyze the Potential Factors Impeding the Growth of The Airline Industry

Business Challenge 

A leading manufacturer of airline parts with business centers spread across the globe wanted to develop a new strategy to manage the risks affecting the growth of the airline industry and implement appropriate policies and organizational structures to achieve their strategic objectives. The client, with Infiniti’s risk assessment strategy, also wanted to analyze the risk factors in terms of financial risks, including foreign exchange rates, interest rates, stock prices, and the losses resulting from fluctuations in the interest rates.

Contact us to know more about our industry risk assessment solutions.

Solutions Offered and Value Delivered 

Infiniti’s risk assessment experts carried out extensive research comprising interviews and discussions with leading stakeholders in the airline industry to help the aircraft parts manufacturer to measure and monitor risks. The experts also compiled information from various secondary resources such as paid industry databases, company presentations, and industry forums to help the client assess the complexity of the risks.

With the help of Infiniti’s industry risk assessment solution, the aircraft parts manufacturer was able to profile the key competitors, their product offerings, and identified effective ways to reduce bottlenecks. Additionally, with risk assessment strategy, the client identified and analyzed the potential factors impeding the industry’s growth and also increased their focus on devising a robust risk management strategy to limit the associated risks involved in entering niche market segments.

Develop a risk assessment plan to deal with unexpected risks and stay ahead of your competitors. Request a FREE proposal!

Future of Global Aircrafts Industry

The global aircraft parts and components manufacturing industry includes establishments manufacturing aircraft, aircraft engine, engine parts, other aircraft parts, and auxiliary equipment. The aircraft parts manufacturing industry has changed significantly over the past five years. The industry’s commercial segment witnessed significant growth owing to the increasing instances of global air travel. On the flip side, the defence segment has been impacted by declining US defence spending, partially offsetting strong commercial demand. Nonetheless, due to surging commercial demand, the aircraft parts industry revenue is expected to increase.

However, our analysis of the airline industry trends shows that the aircraft parts manufacturers are facing challenges in terms of:

  • Intense competition and air traffic: Firms within the airline industry constantly face the pressure to understand their actual revenue growth and potential profitability though they compete against low-cost and best-cost carriers.
  • Customer Expectations: One of the most crucial aspects for firms operating across the airline industry space is the ability to manage customer expectations with respect to their experience. Identifying what customers are expecting out of the air transport services becomes decisive.

Many such factors are compelling firms in the aircraft parts manufacturing space to leverage the use of industry risk assessment solutions. Industry risk assessment solutions help firms assess the competition and determine potential sectors for expansion. Risk assessment solutions also help airline industry firms to segment their risks based on priorities effectively.

Why Leverage Infiniti’s Risk Assessment Strategies?

Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies and risk assessment strategies.

With a team of highly skilled market research professionals, we offer customized solutions that will help companies to magnify competitive advantage by improving speed-to-market.

Request a brochure below to know more about our risk assessment solutions.

IR13

Infiniti’s Industry Risk Assessment Engagement Helps a Renowned Auto Parts Manufacturer Curtail Risks and Enhance Business Performance

The Business Challenge

  • The client- A renowned auto parts manufacturer

The client, one of the world’s renowned auto parts manufacturers, wanted to evaluate the relative risk in each industry and identify the growth opportunities to improve their business performance. The auto parts manufacturer wanted to gain deep-dive insights into the severity of risks based on small, medium, and large businesses. The primary objective of the client was to incorporate an entity-level industry risk assessment solution to ensure better transparency in the business processes.

Solution Delivered

The risk assessment experts at Infiniti carried out an extensive research, comprising interviews and discussions with prominent stakeholders in the auto parts manufacturing market. The experts also compiled information from reliable sources such as trade shows, paid industry databases, and company presentations to identify the impact of market challenges in the auto parts manufacturers space.

Interested to know more about the Infiniti’s risk assessment solution, request a free proposal now!

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Infiniti’s Risk Assessment Solution Benefits

The risk assessment solution offered by Infiniti assisted the auto parts manufacturer in analyzing the trends in the industry and improving their profit margins. The engagement also helped the auto parts manufacturer to assess each factor in terms of the level of risk, including intermediate and moderate risk. Moreover, the auto parts manufacturing client was able to identify risks in the supplier base and develop a temporary monitor system to monitor these risks frequently. With the help of Infiniti’s risk assessment solution, the auto parts manufacturer was able to control risks and gain early warning signals to address the potential problems in the supply chain.

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Infiniti’s Industry Risk Assessment Solution Enables a Renowned Chemical Engineering Equipment Manufacturer to Mitigate Potential Risks in the Market

Globally, the chemical industry employs approximately more than 10 million people and enables indirect employment for over 50 million people.

The global chemical industry is highly reliant on new technologies to gain a competitive advantage and improve their cost margins. Moreover, with the growing demand for chemical engineering among the end-user segments, prominent businesses are planning to invest heavily in research and development. Also, leading organizations are planning to refine their existing architecture to improve their production capabilities and reach out to the target audience in an agile and seamless manner. The growth of the chemical engineering space can be attributed to factors such as the extensive use of the application in the fields such as climate change and environmental systems.

Here are some of the factors that may curtail the growth of the chemical engineering space:

  • Relentless competition: In this relatively competitive environment, staying ahead of the competitors becomes a challenging task. Especially, when the competitors are from the non-traditional sectors such as the energy, utilities, and mining. Prominent businesses should focus on effective ways to stay relevant and on top of the competition. In the chemical engineering space, businesses should consider streamlining their business processes to increase agility while controlling the overall costs.
  • Keep pace with the regulatory changes: The chemical industry is witnessing the implementation of regulations pertaining to labeling, handling, and manufacturing to the shopping and storage of the products. Since the extensive usage of chemicals has an adverse effect on the health, governments are implementing stringent control measures to curtail the use of chemicals and its impact on the environment.

To counter such challenges, businesses are utilizing risk assessment solutions. Industry risk assessment solution helps businesses identify the potential risks in the industry and devise effective strategies to improve the business decisions.IR_Brochure

The Business Challenge

  • The clientA renowned chemical engineering equipment manufacturer

The client, a renowned chemical engineering equipment manufacturer, wanted to understand the current market performance and identify hazards to devise an effective risk management plan. With the help of Infiniti’s risk assessment solution, the client wanted to understand the risks in the industry and identify the potential opportunities to enhance their position in the chemical engineering market space.

Industry

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Our Journey

To identify and assess the risks based on priorities, the risk assessment experts at Infiniti followed an extensive research methodology comprising interviews and discussions with leading stakeholders in the chemical engineering equipment space. Additionally, to devise a robust risk management plan, the experts also compiled information from reliable sources such as trade shows, paid industry databases, and company presentations.

The Solution Benefits and the Business Impact

The risk assessment solution offered by Infiniti assisted the chemical engineering client in evaluating risks to enter the most profitable region. The client was able to gain deep dive insights into the preferences of the customers and accurately position their products to meet the business requirements. The engagement also helped the chemical engineering client develop alternative risk assessment plans to curtail any disruptions and improve product performance.


A must-read case study for strategy specialists and decision makers looking to develop an understanding of the chemicals industry.

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