In the early months of 2019, there were few who could have predicted
that within one year, businesses around the world would be reeling from
the devastating impact of a deadly global pandemic. Research suggests
that between March and July of 2020, more than 80,000 small businesses
permanently closed their doors as a result. But small businesses weren’t
the only ones affected, many large, long-established organizations
found themselves facing significant setbacks or even bankruptcy.
Looking back, the message becomes clear: Emergent situations happen,
and if you aren’t ready for them, your business might fail.
Business resilience is an approach that attempts to prepare
organizations for unforeseen disruptions. Whether facing natural
disasters, supply chain disruptions, IT and utility outages, or even a
worldwide health crisis, resilient businesses are able to create
effective plans of action to survive and recover from emergencies with
their infrastructure, customer base, and reputation intact. Building a
comprehensive resilience plan gives your business.