5 Questions for Understanding the Fundamentals of Business Resiliency

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5 Questions for Understanding the Fundamentals of Business Resiliency

Legacy oak trees in southern U.S. have seen their share of hurricanes, strong thunderstorms, freezes, heat waves, droughts and more. Through all of that, the legacy oak tree still stands tall and strong. With an average lifespan of 100-300 years, the trees fit the definition of resilience for their ability to “absorb and adapt in a changing environment.” This same principle of resiliency can be transferred to a company as well. Resilience expert Carol Williams shares the example of a Fortune 500 company who has demonstrated good long-term business resiliency.

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In the Know...

RIMS Whitepaper: How to Protect Against Electrical Fire Losses

With the hard insurance market and supply chain delays, it’s more important than ever to mitigate fire risks to avoid claims and work disruptions. The leading cause of fires in industrial properties? Electrical hazards and equipment failures, according to the National Fire Protection Association. NFPA and OHSA compliance are critical to avoiding accidents and heavy fines. This RIMS whitepaper can help protect against electrical fire losses. It explains: Four ways to assess your facility’s electrical fire risks The dangers of leaving electrical systems unchecked Arc flash boundaries and personal protective equipment requirements How Detroit Diesel Remanufacturing created a culture of safety with electrical fire risk engineering

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Disadvantaged and Dispossessed: A new study looks into the health effects of disasters on people from disadvantaged backgrounds

For those from vulnerable populations, disasters are much more likely to be accompanied by long term physical and mental health issues.

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Getting Back Up: Private and public sectors can learn from each other in recovering after a natural disaster

An emphasis on clear communication, redundancy of critical systems, and partnerships between the public and private can help minimize recovery times.

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Talking About It: IT experts worry about the potential misused of the ChatGPT chatbot

At least one cybersecurity company has identified instances where the chatbot was successfully directed to generate malicious code.

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Testing Your Tests: Often, business continuity exercises are treated as a burden, rather than a benefit

Properly structured testing can help ensure readiness, and reveal weaknesses in both business continuity plans and employee awareness.

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Searching for Staff: Industry needs to look outside traditional backgrounds to find new cybersecurity staff

Currently, the number of open positions vastly outnumbers the available cybersecurity professionals.

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Having Good Chemistry: Your emergency preparedness kit should consider what’s needed in the event of a chemical disaster

In such a situation, it’s not always possible to evacuate, and residents should be prepared to shelter in place.

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March 12-15, 2023 Orlando World Center Marriott. The oldest business continuity resource in the U.S has the in-depth education and technology to ensure you’re equipped for today’s disruptions and tomorrow’s emerging threats. Register by Feb 13, 2023 and save $100 on DRJ Spring 2023.

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Industry Pulse

DRI International Announces 2023 Awards of Excellence Finalists

Each year, the DRI International Awards of Excellence program honors the leaders and innovators in our profession. We’re pleased to announce the finalists for this year’s Awards of Excellence. This year’s winners will be revealed at DRI2023’s Gala Dinner and Awards Ceremony on Tuesday, Feb. 28 at the Austin Marriott Downtown in Austin, TX. Join your fellow resilience professionals to cheer on all the deserving finalists.

View the list here >>

BCI Announces Supply Chain Resilience Report 2023

The BCI is pleased to launch the Supply Chain Resilience Report 2023. This report looks at the level of disruption within global supply chains, the uptake of Business Continuity practices within the supply chain, as well as primary concerns for supply chains over the next five years.

The level of supply chain disruption reported by organizations is still more than twice as high as pre-pandemic levels. Almost half of respondents (45.7%) experienced these issues with their closest suppliers at Tier 1, while 24.1% saw more disruptions at Tier 2, with these figures higher across the board when compared to the 2021 report.

Read the findings of the report >>

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