A discussion of the risk assessment performed by FedEx to determine what types of risks the company may face.
Written in 2007; 1,510 words; 4 sources; APA; $ 49.95
Paper Summary:
This paper examines the risk assessment performed by FedEx, which measures the amount of risks that could impact the company. The paper also looks at how this process helps the organization identify risks and ways of treating them before a major disaster occurs. The paper explains that FedEx is committed to protecting its reputation and organization by implementing risk strategies that would possibly reduce risk and potential impacts that are related to disasters and other major threats. The paper also discusses how the company established an effective recovery capability to help re-initiate critical, core business processes following a significant, unplanned interruption of normal processing. The paper further points out that these strategies were implemented to help guard against unacceptable financial and operational impacts caused by unidentified risk and threats.
From the Paper:
"FedEx currently has many major facilities and stations around the world, with this FedEx is vulnerable to all kinds of risks. The company has hundreds of cargo and commercial airlines that are potential targets for bomb threats or terrorism attacks. Many of the company's critical facilities are located near water, and if a natural disaster like a hurricane strike, it could cause severe damage to the operations. Other potential impacts and threats the company could face are security issues, earthquakes, storms, bomb threats, and terrorism.
There are many potential risks and impacts FedEx could face that may leave the organization in a chaotic state. Nearly 60% of disasters usually come from non-catastrophic events. The company's airline fleet and hub locations at airports are targets for potential bomb and terrorist threats."
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