Analysing the role of risk management in a textile production company

Abstract

In today’s highly competitive and dynamic business environment, the textile industry faces numerous challenges that can disrupt operations, affect profitability, and impact long-term sustainability. These challenges include fluctuations in raw material prices, supply chain disruptions, machinery breakdowns, labor issues, market volatility, and environmental regulations. Managing these uncertainties is critical for textile production companies to maintain efficiency, ensure product quality, and meet customer demands. Risk management, therefore, plays a vital role in identifying, assessing, and mitigating potential threats that could adversely affect the organization’s objectives.