⬅ Previous Next ➡ Lesson 1: Common Risks (Delays, Theft, Inflation, Disaster) In logistics, supply chain management, and procurement, risk is anything that can prevent goods or services from reaching the customer as planned . Risks are inevitable, but identifying and managing them is critical for business success. In Malawi, organizations face multiple types of risks, including delays, theft, inflation, and natural or man-made disasters . Understanding these risks helps managers take preventive measures, reduce losses, and maintain smooth operations. 1. Delays Delays occur when products or services do not reach the customer on time. Causes include poor infrastructure, traffic congestion, mechanical breakdowns, supplier delays, or bureaucratic procedures. Practical example: A maize delivery from Kasungu to Lilongwe may be delayed because a truck gets stuck on a muddy road during the rainy season. Impact: Delays can lead to customer dissatisfaction, ...