Business continuity in a recession

Resilience and robustness are words that now play a dominant part in any discussion on business best practice. Whether the focus is financial performance, the supply chain or information technology (IT), resilience and robustness are now viewed as being absolutely crucial to the success of any organisation.
 
At the time of writing, leading economists are warning that the second Covid-19 lockdown in England, starting on 5 November 2020, will push the UK into a double-dip recession. This brings the themes covered in this White Paper into even sharper focus.

Why resilience planning has moved up the agenda

The area of operational risk and resilience has been transformed dramatically as a result of the Covid-19 pandemic. As well as the risks associated with the effects of the pandemic on their own business, many companies have experienced problems because a partner or supplier has been hit by unavailability of resources and/or staff.

Business continuity planning (BCP) is no longer just about keeping the business up and running in the event of incidents such as a flood or fire. Now, organisations are focusing on understanding the exact flow of information through the business; identifying which information is mission critical, and ensuring that they have resilient – and streamlined – infrastructure in place to access this information at all times, from any location.

Previously considered to be firmly within the domain of the business continuity manager or the IT manager, responsibility for resilience planning is now distributed across various roles and functions, and is often now a topic for discussion within the boardroom.


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