All posts by "Claudia Humphrey"

The Various Risks Faced by Businesses

Claudia Humphrey 14/12/2020

Businesses are built by sheer hard work and proper strategizing. Additionally, to maintain a business as a profitable venture, the entrepreneur must remain on top of their game to plan and guide their employees and other parties. However, enterprises face some potential risks that may hinder businesses from attaining their goals. As such, business owners must undertake proper risk management to prevent risky events or reduce their severity.

Here are some of the risks that businesses face:

Reputation Risk

reputation riskCompanies face the risk of ruined reputation due to product failures, unsatisfied or unhappy customers, bad publicity, and even legal suits that taint the business name. Unfortunately, lawsuits like the alleged complicity by Lundin in crimes against international humanitarian law in Sudan can have far-reaching negative impacts both locally and internationally. Besides, social media play a significant role in propagating a negative reputation.

To avoid the possibility of a negative reputation, the company can invest in reputation risk management by regularly monitoring what others are saying about it online and offline. It can then respond appropriately to prevent any bad publicity. Also, the business must avoid offering inferior quality products or services.

Economic Risk

Some changes in the economy affect the business by lowering the customers’ purchasing power, increasing production and operating costs, and in other ways. There may also be positive changes that can boost sales, improve production, and make operations easier. It would be best for companies to take mitigating measures against potential economic risks like rising interest rates. The businesses can save as much as possible to avoid a cash flow crisis and put in place measures to allow operating on lean budgets at all times.

Operational Risk

Operational risk arises from events that can happen internally, externally, or a blend of the two and threaten the business’s continuity. Some examples include natural floods and earthquakes that can lead to business close down or artificial fires. Also, server outages due to power supply issues or technical problems can be classified as an operational risk.

The main challenge with operational risks is that they can make the business experience adverse effects relating to money, time, reputation, and other areas. These risks can be mitigated through having a business continuity plan and staff training. Moreover, taking insurance cover against the various hazards such as fire, floods, and others can help the business to remain operational after any of the events happen.

Businesses also face other risks like financial, compliance, and fraud or security risks. All these risks hamper the optimal productivity of the company.…

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What You Need to Know About Short Path Distillation

Claudia Humphrey 16/03/2020

For you to know how to choose the right molecular distillation equipment, you need to have a better understanding of the process. Distillation is a process of separating the components of a liquid. It involves selective heating and cooling, and there are many instruments used in this process to manipulate the thermodynamic characteristics of the fluid. The mixtures are boiled until each component reaches its evaporation point and then condensed to go back to liquid form. This process has been used for long, and it has very many applications, especially water purification. Short path distillation is done on a shorter path; generally, some centimeters and the pressure is usually reduced compared to ordinary distillation.

What Is Short Path Distillation?

It is distillation where the liquid being separated travels only a few centimeters. This technique is typically used for small quantities or for compounds that get unstable at high temperatures. When you reduce the pressure, you also decrease the temperature at which the compounds boil. This also makes the temperature at which you are heating go lower than the liquid’s boiling point at standard pressure. The distillate then only travels a short distance before condensation. You can find apparatus for this process in many places.

Application


This process can be used to do many things. This includes the production of lactic acid, omega three fatty acids, monomers, monoglycerides, and paraffin wax. Other than these, it can also be used in cannabis oil distillation. The process was developed in the ‘30s and ‘40s and has been primarily used since then. When the vapor is released from the liquid, it does not get any more contact with it. An evaporator first distills off a fraction that can meet the quality standards but remains a poor yield because most a lot of the light fraction stays in the residue. What remains is then re-distilled to remove the light fraction. The whole mixture is then returned into the first evaporator.

Benefits

Short path distillation is advantageous because it does not need very many instruments as compared to ordinary distillation. It can do proper distillation for compounds that do not like very high temperatures. If you want to distill a small quantity of liquid, short path distillation is the best process to use. For ordinary distillation, you will need a larger number of apparatus and also apparatus that are larger, and this could be hard to find or expensive when found.

If you are not planning to work with large quantities of compounds that require low heat, this is the best method to use. With short path distillation, you can achieve up to 99% purity in a small working space.…

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