Capitals Financial Human Intellectual Natural Social and relationship Manufactured Risk category: Strategic Risk category: Operational Capital linkage Geo-political risk Oversight Audit Committee Risk Management Committee Senior Management* Negative impacts on business due to international political | key events (wars, trade disputes, elections, sanctions, etc) Mitigation plans Establish volume and price contracts with customers and ensure consistent service levels are maintained Monitor import volumes and prices and adjust the sales strategy accordingly Track macro-economic indicators and industry forecasts, while maintaining a strong focus on both variable and fixed costs across all entities Opportunities Drive input cost reduction initiatives Maximise customer engagement through targeted strategies *Management Committee Digitalisation risk Oversight Risk Management Committee IT Security Council* Negative impacts or vulnerabilities that arise from adopting and relying on digital technologies Mitigation plans Enhance technology infrastructure Improve data maturity Prepare a long-term digital strategy with periodic reviews Opportunities Achieve cost optimisation and process efficiency Leverage artificial intelligence, internet of things, cloud computing and machine learning to enhance efficiency, automate workflows and support real-time data-driven decision-making Capital linkages Business performance risk Oversight Risk Management Committee Senior Management* Inability to achieve business targets due to external and internal performance-related factors Mitigation plans Establish long-term agreements with customers Focus on new customers, geographies and products Take necessary and timely trade remedy measures to counter dumping from China Capital linkage Opportunities Drive innovation to overcome external and internal challenges Improve efficiency and productivity and make the business future-ready Statutory Reports Financial Statements 27 Corporate overview Performance overview ESG overview
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