Operating Risks
The fluctuating of the pandemic has put great pressure on the global supply chain and logistics, causing major industries to face the crisis of supply chain disruption, as well as unsolved shipping congestion and container shortages. In addition, post pandemic consumer demand has surged, resulting in insufficient supply, rising raw material costs and soaring labor and transportation costs. At present, the world is facing inflation crisis, the pressure of inflation has made global central banks actively raising interest rates. In the face of high inflation and consumers controlling expenditures, the slowdown of consumption will pose risks to economic growth, impact the consumer market and increase uncertainty. Billion Watts adopts a long-term diversified and flexible layout strategy, and enables timely implementation to
the diversification strategy and reduce risks in a timely manner when the global economy is unstable. At the same time, based on external risk information and business conditions, we will establish a real-time intelligence network to quickly grasp important international political and economic, market, customer and supply chain dynamics, and adjust the company's operating direction to facilitate adaptive
adjustments to flexibly respond to various uncertain situations.
Climate Risks
The risk of climate change is increasing threat to human beings. At present, all humans residing on earth must do their best to avoid disasters, and no one can take away the hazards of climate change. Billion Group possess a profound understanding of its role. In addition to paying close attention to global and Taiwan's climate change trends and regulatory changes, it is also committed to various actions to reduce greenhouse gas emissions.
• The "Customer Credit Rating Table" assesses various rating criteria to determine credit limits, and its credit amount evaluated by the total grading. Except for the major adjustment factors described above and approved by the division management, the credit amount shall not exceed the credit limit of the total grading.
• Analyze the opportunities of various risks, plan preventive methods in advance, and formulate preventive plans and emergency response procedures.
• The Company follows the operating plan prepared by each unit to conduct risk assessments, formulate response strategies for implementation and continuously monitoring progress.
• Quality/Environment Policy: Striving for best quality to meet the needs of customers and regulations, the Company responds to green product consensus, and establishes a green supply chain.
• Environmental Policy: Encourage full participation, effectively conserve energy, continue pollution prevention, and commit to continuous improvement.
• Bad debts: In order to avoid the risk of bad debts for accounts receivable, most customers' transactions require full payment before shipment; Customers who have the needs of O/A (Open Account) will obtain the insurance bank's underwriting before providing this payment terms.
• Customer relationship management: According to the "Customer Satisfaction Measurement and Control Procedures-Communication Business Department".
