Here are seven lessons you can learn today to strengthen your firm’s resilience in the face of future emergencies
Learn the lessons of COVID-19 and whether the next disaster is climate change, earthquake, economic slump or another devastating virus, you’ll be ready to handle it, says Thomas A Lawson, president of $5.6bn mutual insurance company FM Global. Writing for Chief Executive, he identifies seven lessons that will boost your risk management and planning skills for the next crisis.
- Consider your supply chains. Geography plays a big part in your company’s capacity for survival when facing a serious global issue like COVID-19. If your chain involves suppliers, facilities or key markets in countries or regions that have shown less resilience during the pandemic, look for alternatives as part of your recovery strategy. Having a strong back-up plan is crucial.