Page 49 - InterloopAnnualReport2020
P. 49

Risks     Source     Nature                    Mitigation Strategies


                            Changing             Impact: M   We continue to closely monitor competitive forces in the market
                            Tariff
                                                             and invest in our capacity, diversification, quality, service delivery
                       Commercial  Near Shoring  External    global brands and retailers
                                                             and ethical practices to maintain our deep relationships with
                            Regimes/
                                                 Likelihood: M
                                                             Our global teams continue to monitor financial results and
                                                 Impact: M
                            Customer
                                                             market news and conduct credit risk analysis of our customer
                                                             base. We regularly monitor our credit period and receivable
                                                 Likelihood: M
                            Bankruptcy
                                                             amount and manage the risks associated within tolerance levels
                               Risks    Source     Nature                     Mitigation Strategies




                                                              We continue to monitor and strongly emphasize on quality
                                                Impact: M     control and have strong measures in place to produce quality at
                            Claims
                                                Likelihood: L  source and have regular technical and process audits to avoid
                                                              any critical defects from passing on to the customer





                       Operational  Environment,   Internal  Impact: H  Interloop has a comprehensive EHS framework in place and
                                                              proactively monitors all its processes that affect EHS with a
                                                              robust mechanism in place, to ensure compliance with all EHS
                            Health &
                                                              laws (local and international). In addition, all our physical assets
                                                Likelihood: L
                            Safety (EHS)
                                                              are insured against unforeseen incidents such as fire, theft and
                                                              so forth


                                                              Interloop continues to provide sustainable employment to more
                                                              than 21,000 people. We have stringent workplace standards
                                                              in place complying with international labour laws, however,
                                                Impact: M
                            Attrition Rate                    our aim is to go beyond the minimum, break the class barriers
                                                Likelihood: L
                                                              and empower our team members, providing an equitable and
                                                              respectable workplace, keeping our people motivated and
                                                              engaged








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