Tag: risk assessment

Oil and Gas Industry Risk Assessment

Infiniti’s Oil and Gas Industry Risk Assessment Helped a Canadian Oil and Gas Company Realize Savings of Over 37%

Oil and Gas Industry Overview

The Canadian oil and gas industry continues to thrive despite the growing popularity of renewable energy. However, factors such as market volatility and fluctuating oil prices are exposing oil and gas companies to a variety of operational and financial risks. Owing to these risks in the oil and gas industry, companies are finding it vital to conduct oil and gas industry risk assessment.   

oil and gas

Are you planning to invest in Canadian oil and gas sector? If yes, identification and mitigation of major risks in the industry are vital to stay ahead of the curve. Request a FREE proposal to know how our oil and gas industry risk assessment can help your organization.

Business Challenge

The client is an oil and gas company based out of Canada. Volatile raw material prices, inability to expand reserves, operational hazards, and supply and demand challenges were hindering the profitability of the company. This subsequently impacted the company’s operational efficiency and production capacity. The client, therefore, realized the need to leverage oil and gas industry risk assessment solution to identify factors impeding their business growth.

Also, with Infiniti’s oil and gas industry risk assessment solution, the client wanted to:

Prevent operational risk from threatening profitability

Inadequate reserve estimates and challenges related to extraction and supply-demand management heavily impacted the production process of the company. And, this subsequently affected the company’s profitability. With Infiniti’s oil and gas industry risk assessment engagement, the client wanted to identify all the operational risks impacting their company’s overall growth.

Reduce financial risk

Economic downturns posed certain risks for companies in the oil and gas industry. Therefore, with Infiniti’s oil and gas industry risk assessment solution, the client wanted to take appropriate steps to tackle financial risks before they impact their business operations.

CONTACT US to know how our oil and gas industry risk assessment solution can help your company to analyze risks impacting your business operations and save millions of dollars in operational cost.

Solutions Offered

To help the client tackle the above-mentioned challenges, the experts at Infiniti Research conducted oil and gas industry risk assessment. Our oil and gas industry risk assessment approach involved identifying, evaluating, and, managing industry risks.

As a part of the oil and gas industry risk assessment engagement, the experts at Infiniti Research also carried out market assessment to help the client keep tabs on target market segments, forecast demand-supply shifts, and provide insights on the potential impact of changing factors on business segments.

Also, by leveraging Infiniti’s expertise in offering supply and demand analysis solution, the experts helped the client to efficiently manage their supply chain and production processes.

Results Obtained

With Infiniti’s oil and gas industry risk assessment solution, the oil and gas company was able to identify all the risk impacting their business operation and also prioritize them based on their severity. Also, they were able to efficiently implement risk management strategy. Furthermore, Infiniti’s oil and gas industry assessment helped the client to ensure 100% accuracy in production and realize 37% savings in operational cost.

Request for more info to know other benefits of leveraging our oil and gas industry risk assessment solution.

financial risk assessment

Infiniti’s Financial Risk Assessment Solution Helped a Manufacturing Firm Effectively Manage Risks and Enhance their Profit Margin by 22%

Today, manufacturing is no longer simply about making products. The recent technological advancements and the evolving customer demands have made it imperative for companies in the manufacturing industry to explore new ways of capturing market value. With this, companies in the manufacturing industry are under relentless pressure to enhance speed to market and customer engagement.

But, like all other industries, the manufacturing industry is also not free of risks. Some of these risks potentially destroy the business, whereas others cause serious damage that can be costly. In this context, it becomes increasingly important for manufacturing companies to monitor and manage all types of qualitative as well as financial risks in the industry. With over 15 years of expertise, Infiniti Research has helped many companies to identify potential risks in the industry and formulate actionable plans to mitigate them.

Interested to know more about our services portfolio and their advantages for your business? Request a FREE brochure.

Business Challenge

The client is a well-known manufacturing firm based out of Europe. The client was facing challenges in identifying the potential risks impeding their business growth. Some of the factors causing risks were delays from transportation, issues with third-party vendors, tariff wars, security threats, and workforce management challenges. All these risks not only affected the productivity of the company but resulted in financial losses for the client.Subsequently, , the company was not able to achieve their quarterly targets for 2 years consecutively. This affected the company’s gross profit.

Other challenges faced by the client were:

  • The supply chain disruptions were causing major challenges for the client. These delays occurred due to transportation issues and quality control issues with suppliers. Therefore, with Infiniti’s financial risk assessment solution, the client wanted to identify these supply chain risks before they impact the company’s bottom line.
  • As cyber risks posed challenges for major manufacturing companies operating in and around Europe, the client wanted to monitor the security threats and mitigate them.
  • The client also encountered difficulties in staff management and succession planning. As staff management was essential to keep the business running smoothly, the client wanted to evaluate the workforce risks.

With Infiniti’s financial risk assessment solution, the client wanted to identify all the risks affecting the company and make actionable plans to mitigate them.

Solutions Offered and Value Delivered

The experts at Infiniti Research thoroughly analyzed the client’s historical sales data, factors affecting their sales, and major risks facing the company. In the initial phase, the experts analyzed the risks that the business is exposed to in its operational environment. The second phase included analyzing the link between these risks and different factors within the organization. They also carried out a comprehensive analysis of the severity of the risks and how it affected the business functions. The final phase of the financial risk assessment engagement involved prioritizing the risks based on its severity and managing them individually.

With Infiniti’s financial risk assessment solution, the client was able to identify all the risks affecting their organization and prioritize them according to their severity. Infiniti’s financial risk assessment solution also helped the client to understand all the factors affecting their supply chain delays. This helped them undertake the necessary steps to effectively meet the demands of their products. Consequently, they were able to reduce over-stocks and stock-outs. The experts also helped the client to identify all the cybersecurity threats facing their company. Infiniti’s financial risk assessment solution helped them to protect all their critical data. Also, the financial risk assessment engagement helped the client to understand the workforce management challenges and mitigate them.

Furthermore, with Infiniti’s financial risk assessment engagement, the client was able to:

  • Make accurate market forecasts based on patterns derived from historical sales
  • Closely monitor the movements in the market and anticipate activities that could potentially affect the financial aspect of the company
  • Effectively segregate the tasks to prevent possibilities of fraud and internal threats
  • Identify periods of low cash inflows and effectively plan budgets accordingly

With Infiniti’s financial risk assessment solution, the client was able to make better financial planning and meet their quarterly target. Eventually, this resulted in an increase in profit margin by 22%.

A key step to managing your company’s risk is by conducting a comprehensive financial risk assessment. Request a FREE proposal to know how our engagement can help you mitigate the industry risks.

How do you conduct a financial risk assessment?

Financial risk assessment involves a detailed analysis of potential risks affecting the organization. A well-devised financial risk assessment process supports companies in identifying the risks in the industry and provides an opportunity to mitigate the risks that are most likely to occur. Having a financial risk assessment strategy will help companies to prepare themselves financially for the most likely risks in the industry.

There are three basic steps in financial risk assessment.

Gathering industry data – The initial process in financial risks assessment process involves gathering industry-specific data. This involves gathering information about the company structure, client base, third party engagement, and more. The information collected from these sources will help companies understand risks associated with each sector of the organization.

Interviewing key stakeholders – The company should identify key stakeholders in the industry. Gathering information from them will help companies categorize the common risks in the market and prioritize them. By closely monitoring the key competitors, organizations can identify the risk mitigation strategies employed by them.

Documenting the report – The final step in financial risk assessment process involves documenting the findings and developing recommendations for mitigating the industry risk.

CONTACT US to know more about our financial risk assessment solution and their benefits for your business.

Market Intelligence

Assessing Potential Market Risks for a Machinery Manufacturer – Risk Assessment Study by Infiniti Research

Business Challenge 

Manufacturers invest millions of dollars in resources such as machinery, tools, workforce, products, and more. While these resources are necessary for manufacturing companies, they also pose risks for manufacturers. Smallest risks in operations, ranging from theft and property damage to workforce disruptions and natural disasters can heavily impact not only a manufacturer’s bottom line but their ability to deliver goods for clients on time and on budget.

A leading machinery manufacturer in Canada wanted to develop a new strategy to manage risks affecting the growth of the industry and implement appropriate policies and organizational structures to achieve their strategic objectives.

With years of expertise in offering a actionable risk assessment solutions, Infiniti helps manufacturers to devise an effective risk assessment strategy. Request for a FREE brochure to know more about our services.

 

Top Challenges Faced by Machinery Manufacturers 

Problem Statement 1: Commodity and raw material prices

Changes in the prices of raw materials raised the cost of production. This left no other choice for the organization but to raise their prices. In fact, the rise in prices affected their sales and reputation.

Problem Statement 2: Changes in laws and regulations

Changes in laws and legislation, such as minimum wage laws and overtime regulations increased costs rapidly. With Infiniti’s risk assessment solutions, the client wanted to stay prepared to face sudden transitions.

Problem Statement 3: Economic conditions

An overall recession or economic boom can influence the availability and prices of materials, consumers’ buyer behaviors, labor availabilities, and more. Hence, with the help of Infiniti’s risk assessment solution, the client wanted to understand the industry landscape thoroughly.

Problem Statement 4: Threats to international operations 

The client was looking out to export their products to international markets such as the US and UK. But the changes in international trade agreements such as the US pulling out of NAFTA and the UK leaving the European Union were impacting manufacturing companies. The client, therefore, wanted to understand threats to international operations before making the market entry.

Interested to develop a risk assessment plan to deal with unexpected risks and stay ahead of your competitors.

Our risk assessment solutions can help. Request for a FREE proposal.

Solutions Offered and Value Delivered 

Phase 1: Market analysis

By conducting interviews and discussions with leading market players in the industry, the experts at Infiniti Research helped the client understand price fluctuations. This helped them better manage their production process and deliver machineries on time.

Phase 2: Identifying changes in laws and regulations

By analyzing changes in regulations and laws in the US and UK, the experts at Infiniti Research helped the client make better business decisions. This further helped them manage their workers.

Phase 3: Sales forecasting

The experts helped the client calculate the average sales rate for the next five years. Also, with the help of Infiniti’s industry risk assessment solution, the client was able to gain a thorough understanding of the industry landscape.

With Infiniti’s risk assessment solution, the client was able to identify factors impeding market growth and implement an effective risk management strategy. Also, with the help of our industry risk assessment engagement, the client was able to monitor their market attractiveness. This further helped them to make checklists of potential risks and further devise effective measures to reduce bottlenecks and enhance their overall business efficiency.

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Infiniti’s Industry Risk Assessment Strategy Helped a Renowned Food Industry Firm to Address Potential Risks in the Food Market and Enhance Business Performance

The client is a well-established food manufacturing firm with business units and operations spread across the United States. 

Predicaments Faced 

As the food industry is witnessing an increase in the competition with a considerable number of food industry companies offering a wide array of product ranges, the client realized the need to devise an effective risk management strategy to reach out to their customers in an agile and seamless manner. With Infiniti’s industry risk assessment strategy, the client also wanted to identify opportunities to position their product offerings based on the target audiences and maximize savings. Furthermore, with the aid of Infiniti’s risk assessment strategy, the food industry firm wanted to gain deep-dive insights into the severity of risks based on small, medium, and large businesses to ensure better transparency in the business processes.

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Market Intelligence

5 Steps to Sustainable Digital Risk Management

Digital risk management is the next step in enterprise risk and security for organizations that increasingly rely on digital processes to run their businesses. Digital risk has a long-term effect on the initiatives, decisions, and actions of an organization. Therefore, organizations that mostly rely on digital processes to run their business should have a clear vision of security and digital risk management. If you fail to manage digital security, it is likely to sabotage your revenue. Digital risk management is a critical process as it impacts the performance of your business. It begins with identifying the potential risks, analyzing them, and finally controlling them. However, this critical task has been made easy by the modern-day technology that allows every business to create a structured and sustainable risk management program. Today, it is easy, but it requires a bit of vigilance since “what means apples today may turn to be oranges tomorrow. To make it simple for you, here are a few simple steps to help you create a sustainable digital risk management program:

Steps to Sustainable Digital Risk ManagGet More Infoement

Step#1: Follow a structured program that can assist dynamism

Today, security has become a wider-level issue. Online merchants are facing huge losses with the rapidly growing risks and frauds that need to be evaluated constantly. So, for businesses that need to deal with big data, threats mainly arise due to the improper and unstructured way of handling sensitive and personal data of customers. Ensuring data protection and encryption is the key here. This is the very first and basic step to follow in sustainable digital risk management.

Step#2: Discover loopholes with machine learning and AI

Adoption of new technologies has been benefiting all businesses today. Machine learning and artificial intelligence are smart innovations of the modern age that will become a crucial part of security solutions in the days to come. Businesses need to take complete advantage of both the technologies to manage fraud detection, security, and other regulatory compliance functions. Therefore, employing these technologies to discover loopholes forms a very important step for sustainable digital risk management.

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Step#3: Identify and analyze major challenges

Any digital risk management program begins with the identification of key vulnerabilities and risks across all business functions. Risk identification helps you mitigate such risks. Business leaders along with the members of the organization should make informed decisions and choices through a structured risk assessment and identification program that supports flexibility, resilience, and accountability across different business functions.

Step#4: Recognize new possibilities with blockchain

The latest and the most trustable crypto technology of blockchain has the potential to obstruct both internal and external threats. Today, several sectors like banks and other financial organizations have adopted this technology. This technology promises to deliver incredible digital risk management possibilities in the supply chain, healthcare, banks, insurance, and other areas that deal with huge data and currency transactions.


Are you looking for ways to mitigate risks? Do you think beyond traditional risk and security issues? Get in touch with us now to know how our digital risk management solutions can help you protect your sensitive data

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IT services industry

4 Reasons Why You Should Improve Operational Risk Management in Manufacturing

Basically, risks are of different types and many of them are braided together like reputational risks, financial risks, operational risks, third-party or supply chain risks, legal or compliance risks, and several others. Operational risks, generally, are viewed through the lens of safety management in an organization but for manufacturers, it is important to see the link between safety and operational risk management. The rationale for improving the operational risk management process is not only limited to safety but goes beyond it. There are many compelling tested and verified reasons to improve operational risk management in the manufacturing sector.

In this article, we have discussed a few of those reasons that establish the fact that it is highly essential to improve operational risk managemContact USent process to improve productivity and growth of an organization.

Reasons to improve operational risk management process

Reason 1: Attain financial goals

There are many manufacturers who see the relationship between enhancing productivity and mitigating operational risks. But for better operational risk management, it is essential to move one step further and also see the relation in terms of financial performance. It is important to minimize the impact of operational risks on financial goals. Additionally, manufacturing companies must align operational data with financial data to analyze the financial impact of adverse events.

Reason 2: Improve and increase collaboration

If the financial goals are achieved, it has hard and quantifiable benefits. But implementing an operational risk management process also fetches soft benefits like improved cooperation and collaboration. This can furthermore help in the joint management of risks. The implementation of an operational risk management framework provides the catalyst as well as an incentive for organizations to also boost cross-functional collaboration.Request Proposal

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Reason 3:  Standardize risk assessment

Manufacturing organizations, globally, understand that if they successfully mitigate operational risks, it improves the likelihood that corporate goals will be met. To mitigate operational risks successfully, the same procedures, policies, and risk management process must be applied across all the verticals of the company. Best-in-class manufacturers have standardized risk quantification processes across the enterprise.

Reason 4:  Build a risk awareness culture

To manage operational risks, it is very important to build a culture of risk awareness. This culture helps manufacturers to establish better visibility into control measures of operational risks. This can further help them to integrate a risk mindset, which further minimizes operational risks and their impact on financial and corporate objectives.

To know more about operational risk management, request more info.

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healthcare market research

Industry Risk Assessment Engagement: How a Leading Financial Services Provider Assessed Potential Market Risks

Lower interest rates, stringent customer satisfaction regulations, and catastrophic economic incidents are some of the major pain points which have been holding back leading financial services providers from expanding their businesses. Click To Tweet

Competition in the BFSI sector has always been fierce and is only getting fiercer with scores of financial service providers ready to offer lucrative investment options. While consumer courts are tightening the noose around the service providers and occurrence of unwanted incidents, the integrity of financial service companies have been affected.

However, in the wake of digitalization, maintaining a steady balance sheet is only feasible by implementing modern technologies into the modus operandi of the BFSI sector. Technology is expected to not only ramp up operations but to also increase transparency as the customers get to handle their own finance instead of a third person. Additionally, adoption of technologies must be backed up Request Proposalwith analytics, which can foresee customer needs and tailor products and services accordingly. 

Business Issues

  • The client: Financial services provider

A leading global financial services provider approached Infiniti to conduct a risk assessment analysis of the market to determine the feasibility of investments in the BFSI sector. The financial services provider wanted to identify the potential risks it could face and accordingly adopt strategies to overcome the same while also gaining an upper hand in the competition.


How Can Risk Assessment Help Financial Services Providers?

A holistic financial services risk assessment analysis will enable the BFSI sector in taking effective and well-informed business decisions with respect to the specific risks that the market poses for such products. The risk assessment solution will also help in drawing a clear picture of the BFSI ecosystem, which would reveal the market strategies implemented by the leading financial services companies.


Summary of our risk assessment solution?

 

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Client Journey

Infiniti’s risk assessment experts have conducted an intensive research on the market across the globe, its dynamic trends, and the potential obstacles the market can pose for the client. It involved studying the market with respect to the evolving socio-economic conditions, the change in expectations of the customers, and evaluating the impact of the client’s products and services on the market. A qualitative and quantitative research conducted by the risk assessment experts was supplemented with the data sourced from integral secondary sources like paid BFSI databases, company presentations, and industry forums. Get More InfoIt helped the client in devising well-informed strategies that can effectively mitigate the market risks. 

Solution Benefits and the Business Impact

The financial services provider was able to identify the major risk factors in the market, which could potentially impede the business growth of the client. The risk assessment study enabled the financial services provider to devise an effective market strategy with a holistic focus on the market trends, the changing expectations of the customers, and the technological advancements adopted by the competitors. The market risk assessment also facilitated the client with a futuristic approach as they were able to create a backup plan to mitigate any potential risks emerging later in the BFSI sector.

The Future

With the rapid advancement of technology, scores of leading financial services providers are contemplating the introduction of more advanced modes of digitalization such as artificial intelligence and digital labor. These are expected to unravel new possibilities of business and its futuristic approach will offer insights on the economic dynamics and help the financial service providers consolidate their position in the competitive market.


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

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