Manage risks for your global semiconductor and electronics operations
When it comes to the electronics and semiconductor industries, proactive risk mitigation is critical in ensuring that safety, maintainability and operability are upheld. As semiconductors, microchips and other electrical equipment continue to become invaluable in today’s world and the demand grows, it is even more critical to understand, identify and mitigate against the variety of safety and market risks that are present in these industries.
Risks companies in the electronics and semiconductor industry can face include:
Specific loss control expertise in the Electronics/Semiconductor Industry is essential due to the number of unique challenges presented by the manufacturing processes and environments, along with the interdependent business relationships between customers. These include:
Normal loss expectancies involving custom front end and back end manufacturing processes in the semiconductor/electronic industry can exceed the worst-case loss scenarios and associated with other industry sectors. Identifying and understanding these risks and taking steps to mitigating them is integral to risk management in this industry sector.
Fire and other unique hazards:
Managing fire and explosion risks is a critical component of any property risk management program for protecting personnel, facility assets, supply chain and market share. The electronics/semiconductor industries face a variety of unique fire hazards including:
Our engineers and account managers work with the client to learn more about their unique businesses, process safety, and PPE needs. Each fire protection program is uniquely tailored to the client’s facilities, safety protocols, employees, and specific industry standards and product compliance needs.
Supply chain and global business resiliency risks:
Identifying business interruption risk, quantifying the potential impact to your company, developing mitigation strategies, and preplanning for a disaster are the keys to risk management. Our experts will use our knowledge of your company, industry, equipment, production bottlenecks, and exposures as the key components of the BCP process and work to help you foresee and mitigate market and supply chain risks.
If not properly managed, electrical hazards have the potential to unexpectedly shut down your business or expose workers to unsafe conditions. Minimizing threats to operations and creating a safe environment for employees is of utmost importance to companies, and there are steps businesses can take to ensure their electrical practices are optimized. Implementing programs such as infrared surveys, arc flash assessments and electrical safety training can help keep your personnel safe and operations running smoothly.
In addition to the experiences gained by working closely with our clients, TÜV SÜD Global Risk Consultants (GRC) also attends and contributes to numerous conferences and seminars within the industry in order to gain further education and industry knowledge.
TÜV SÜD GRC is familiar with inherent risk associated within the industry and maintains this knowledge through interactions with clients and conferences. GRC is involved with the following professional organizations:
TÜV SÜD GRC works in collaboration with our clients with electronics and semiconductor operations to understand the hazards present and markets companies serve, the relative significance of key products, the manufacturing process, and locations to enable us to identify business risks and ensure that those risks are minimized.
TÜV SÜD Global Risk Consultants (GRC) is the leading unbundled property loss control provider worldwide, offering a complete portfolio of risk management solutions, including operational, natural hazard and business continuity planning. With a focus on developing long-term partnerships, TÜV SÜD GRC provides innovative solutions to help our clients continuously reduce the risk to their business.
TÜV SÜD GRC’s approach to providing risk control services incorporates a formal team structure, ensuring established goals are met as well as effectively addressing local and corporate needs.
The team is supervised by an Account Service Leader, who provides a single point of contact, and Technical Account Engineers. The Electronics and Semiconductor industries are a main area of focus for TÜV SÜD GRC, and developments in this industry are overseen by an internal focus group who are dedicated to providing the best solutions for your business.
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Bosnia and Herzegovina