Wonderful Widgets Inc. is a manufacturing firm in Buffalo, N…
Wonderful Widgets Inc. is a manufacturing firm in Buffalo, NY that manufacturers widgets. In February, a major snow storm struck the Buffalo area, causing significant wind and snow accumulation. Wonderful Widgets manufacturing plant was not damaged by the snow storm in any way. However, for three days after the snow storm hit, the local utility provider Buffalo Power & Light was unable to restore electricity to the area of Buffalo where the firm’s manufacturing plant is located. As a result, Wonderful Widgets Inc. could not operate for three days until the electricity in the area was restored; which is used to power all of the firm’s machinery, equipment, and heating for the building. What type of risk does the above scenario fall under?