Risk can take many forms. As important as it is for company directors to monitor risks from the pandemic, a close eye must also be kept on more traditional property risks including fire or damage from natural disasters.
While it might be tempting to focus on the greatest risk at hand, it’s crucial to put holistic resilience building in the driver’s seat. From natural hazards to mechanical failure, cyber attacks or fire – each of these risks remain important to acknowledge to mitigate through strategic planning.
Michael Beaumont discusses why boards and risk managers need to prepare today for the possibility of a pandemic related shutdown and idling of sites down the line, warning that calls for facilities to be shut down could come suddenly and traditional hazards remain in addition to new ones.
Paul May, vice-president, operations and engineering manager at FM Global explains about how risk management is every more crucial to the manufacturing supply chain as manufacturers seek to redirect their resources to producing new products in the current climate.
This year has highlighted the need to be prepared for the unexpected. While mining sites are in general very resilient operations, this goes for miners too. FM Global group manager, account engineering Michael Beaumont writes.