One of the biggest risks businesses may experience in the next 12 months is the postponement of risk management and mitigation processes. As businesses reassess, reframe, adjust and adapt, our advice to all businesses is that these cutbacks must be short-lived, if they happen at all.
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.
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.