Risk analysis

Alternative courses of action

a. Using online business platform to sell

The convenience is the biggest perk. There are no lines to wait in or shop assistants to
wait on to help customers with their purchases, and customers can do their shopping in
minutes. Online shops give customers the opportunity to shop at any time and reward
them with a ‘no pollution’ shopping experience. Thus, company should start to use online
business platform where consumer can buy the products more efficiently and easier. The
marketplace on the Internet makes it much easier for consumers to buy.
b. Joined festivals or events
Festivals or events attract visitors. Festivals also provide free marketing and advertising
for businesses as visitors talk about their fun experiences when they go back home which
will make company brand to be known by a lot of people. Besides bringing people
together to enjoy different activities and celebrate culture, these festivals can also be a
great way to gain exposure for company business.

Instant data analysis

Fashion trends influence consumer buying patterns, which in turn drive the apparel industry
either new or used garments. To remain always mindful of which styles and patterns buyers
want, company would like to be able to drag reports immediately and analyze company
production information rapidly, so company will be able adjust to buyer requests. Dynamic
software program is being created each day that joins together cloud computing with fabricating
forms to provide comprehensive information to all parties in company supply chain. This permits
all divisions and accomplices to get and examine information immediately.
Contingency plans

1. Failure in resources
a. Running out of resources
b. Loses main material supplier
c. Warehouse flooded

2. Cost
a. Budget exceeded
b. Unexpected expenditure