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Topical Issues: Risk Chat 23 May 2016

Posted By IRMSAInsight, 22 May 2016







Could Hyperloop be the Future of Travel?


Hyperloop is a conceptual high-speed transportation system originally put forward by Elon Musk, a South African-born Canadian-American business magnate, engineer, and investor. He is currently funding a series of tests to prove the idea that passengers can be loaded into pods and fired through vacuum tubes at more than 600mph (1,000km/h). Christopher Merian, chief engineer on Massachusetts Institute of Technology’s (MIT) effort to design Hyperloop, says that the key problem with his pod - and the Hyperloop concept in general - is that it can't handle corners. In addition, unless the Hyperloop system can handle a great number of pods leaving a station in very quick succession, tickets for those pods will need to be extremely high in order to make the system economically viable. In saying that, there could be many industrial uses for an environmentally friendly Hyperloop-style system, beyond the sole focus on public transportation.

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Hyperloop Train

As a Risk Manager:                                  

  • Do you continually assess how disruptive technology could affect your organisation?                                       
  • What are the main disruptive technologies currently on your radar?                                  
  • Have you considered how more efficient transport and logistics programmes and platforms could be of benefit to your bottom line?


Brazil’s President, Dilma Rousseff, Impeached

Brazil's Senate voted to impeach and suspend President Dilma Rousseff after a marathon debate. Senators had voted to suspend her by 55 votes to 22 after an all-night session that lasted more than 20 hours. She is accused of illegally manipulating finances to hide a growing public deficit ahead of her re-election in 2014. She accused the opposition of leading the impeachment because they had vehemently opposed all the advances she and her predecessor had made for the Brazilian poor and lower middle classes. Vice-President Michel Temer has now officially taken over as interim leader and has appointed a team. Brazil is suffering from its worst recession in 10 years, unemployment reached 9% and inflation is at a 12-year high. Political commentators have stated that Brazil and South Africa face similar political scandals and economic misfortune, with presidents that have had to fight off corruption allegations. The Brazilian impeachment occurred during the same week that UK Prime Minister David Cameron hosted a landmark international anti-corruption summit in London.

Read More on this Article

    Dilma Rousseff, Brazil's President                                  

As a Risk Manager:

  • Are you aware that stamping out corruption is gaining traction globally?
  • What efforts have you undertaken to manage the risk of corruption within your own organisation?
  • Have you assessed how your organisation’s reputation could be affected should a corruption scandal occur?































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