It is rare to get detailed information on the costs of incidents; so the recent financial update from Ocado Retail, covering the period around the fire at their Erith fulfilment centre, is particularly interesting. Comments by the company’s senior management, also raise a question mark over how much they have learnt from previous fires. A [...]
An article by Cambridge Risk Solutions, published this week in Continuity Central, looks at whether there is any evidence that firms that follow good practice in business continuity management (BCM) have fared better in the current Covid-19 pandemic. Specifically it looks at the impact on the share prices of companies in the FTSE 100 from [...]
How much could an operational disruption cost your organisation? This article summarises the findings of various research studies on this topic.
The Business Impact Analysis is a vital part of the Business Continuity Lifecycle but is still poorly understood. This article provides a simple, practical explanation of the process.
Effective Crisis Management requires a significant amount of preparation. This article suggests some reasons why organisations tend not to do this.
One of the key difficulties in business continuity management is working out which threats to pay attention to. This article discusses why some people get this wrong and suggests an elegant solution to the problem.
We blogged last month about the IT outage at Delta Airlines which led to the suspension of flights across the US, Japan and Europe. Although the actual IT outage only lasted for 5 hours, disruption to flights persisted for several days and, in a briefing to investors on Wednesday, Delta estimated the cost of the [...]
There was an interesting postscript today to the story of the data breach at TalkTalk last October. You will recall that the at first it was feared that personal details of all 4 million of the company’s customers could have been compromised, although the breach ultimately turned out to be much less serious. The company [...]
BCAW 2016 continues, and today’s blog concerns a long-running and very important story that has been going on for nearly a year now. It was announced today that the President of Mitsubishi Motors, Tetsuro Aikawa, will stand down following the revelation last month that the company had been falsifying fuel emission tests for decades. The [...]
Few organisations give much thought in their business continuity programmes to how they will finance business recovery. Whilst insurance is clearly critical, this article suggests that companies should also look at other sources of funding.