Although the full impact of COVID-19 is still unknown, many organisations are being impacted by declining sales and reduced consumer demand, supply chain disruptions and transport restrictions. These issues will have a domino effect on global markets with the escalating risk likely to impact those not yet directly affected by COVID-19. These companies need to consider their pandemic preparedness measures and be proactive and prepared. This article focuses on risk identification and organisational exposure; identifying critical dependencies; and how to develop pragmatic and effective crisis and resilience solutions.
Topics covered in this article:
Assessing the impact of a crisis on employees, assets, operations, stakeholders and reputation
Understanding and managing risks in a time of disruption
Practical steps in developing a proportionate crisis and resilience response plan