In
the earlier analysis, drivers of risks most likely to impact the facility
management industry in 2019 have been discussed. In order to verify the drivers
further Infoprations conducted a Risk
Survey aimed at identifying the risks and their severity. As companies in the
industry enter the third week of the first month of the second quarter, it is
important that the risks are known, while companies devise appropriate response
strategies to mitigate the impacts on the business growth.
In the latest analysis,
according to the professionals at corporate, business and functional levels in
the industry, financial risk would have moderate impact on business growth in
the industry in Q2, Q3 and Q4. The moderation would be felt by small, medium
and large companies in Q2 and Q3. However, small and large companies should
expect a mild effect in Q4. In Q3, financial risk would be severe on medium
companies than other categories. Regulatory risk would be mild on all company
categories, but severe on large companies in Q2, moderate on medium and severe
on large companies in Q3 and Q4.
The same trends
surfaced for the quality risk. According to our data, quality risk would not
have a significant impact on business growth in all the quarters, but it would
be moderate on small and medium companies in Q2, Q3 and Q4. The consequence of
loosing employees due to resignation or other issues would not have a huge
impact on the growth of medium and large companies, but it would have significant
influence on the growth of small companies.
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| Severity of the Risks |
From the data, it seems
that large companies have mechanisms for enhancing sustainable business
environment. According to the data, sustainability risk would not have a significant effect on the companies in Q2 and Q4, but it would be moderate on
the companies as well as small companies in Q3. Political risk would be severe
on medium and large companies in Q2 and Q3. The impact would be mild for large
companies, but moderate on small and medium companies in Q4. Operational risk would
be moderate on large companies in Q2, but moderate on medium and small
companies in Q3 and moderate on medium companies in Q4.
Corporate strategists
and risk analysts of the companies are expected to analyse the identified
levels of the risks along with the internal qualitative and quantitative data to
further understand the specific impacts on FM solutions being offered to varied
clients and formulate appropriate strategies to mitigate the level of severity
for each risk.
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