Concepts, Uncertainties, and Reaction to Financial Risk in the Sudanese Manufacturing Sector

Abstract

The study aimed to highlight the uncertainties about, reactions to, and perceptions of the financial risks which prevail in the manufacturing sector in Sudan. The study adopted the descriptive analytical approach to examine the coherence between concepts, reactions, and doubts to manage financial risks in the Sudanese manufacturing sector. Manufacturers from Khartoum were asked to fill out the study questionnaire. At a later time, responses were analyzed using the statistical package for the social sciences (SPSS) version 22.0. The results chiefly focused on developing an effective risk management system in the manufacturing sector. The study on the other hand focused on identifying the manageable financial risks that the manufacturing sector in Sudan suffers from. The potential results showed that 95.6% of manufacturers believe that effective risk management is combined with appropriate financial management. Moreover, 3.1% of manufacturers considered risk management as a separate function. While 1.3% believe that risk management is related to the rate of production in the manufacturing sector. The main uncertainties prevailing in the Sudanese manufacturing sector were due to low manpower, machinery, and low-quality materials.