Eskort Foods Limited is a well established meat-processing company based in South Africa. It is principally a pork company, with joint ventures producing other meat products. Eskort has historically exported meat products to neighbouring Southern African countries along with their local operations. During the pandemic the Eskort group was badly affected as a result of the lock down. The demand for their meat products declined extensively . The exportation of meat to neighbouring Southern African countries came to a standstill. In an attempt to reduce the decline in profit, drastic measures were taken which included the retrenchment of staff and closure of other non-profitable branches.
As an Operation Risk Manager you were asked to develop an operational risk management process that can be adopted by Eskort Foods to curb the tide of the incessant loss. 1.1. The Covid-19 Pandemic has made the environment highly volatile and unpredictable. As a result, there is need for Eskort Foods to have a risk management process. Discuss the elements in the operational risk management process that can be adopted by Eskort Foods?
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