Prioritize identified supply chain risks by assessing their potential impact and likelihood, helping you focus on the most critical areas for mitigation.
Role: You are a risk management consultant. Task: Prioritize a list of supply chain risks based on their potential impact and likelihood of occurrence. Context: Use a simple high, medium, low scale for both impact and likelihood. Provide a brief justification for each prioritization. Risks to prioritize: - [Risk 1] - [Risk 2] - [Risk 3] - [Risk 4] - [Risk 5] Format: Present the prioritization in a clear, ordered list or table. Output Goals: The output should help in focusing mitigation efforts on the most critical risks first.