The coronavirus (COVID-19) outbreak has forced unprecedented sudden closings of facilities around the world. This article outlines some important steps to take to help minimise property loss during and after shutting down a facility.
Lithium-ion battery-based energy storage systems (ESS) are in increasing demand for supplying energy to buildings and power grids. However, they are also under scrutiny after a number of recent fires and explosions. To increase awareness of what can be done to improve safety around this technology, commercial property insurer FM Global has publicly released groundbreaking research and recommendations.
Companies are increasingly vulnerable to indirect supply chain disruptions and need to factor this into their supply chain risk management.
Despite the increasing complexity of supply chain risk management, it seems executives in C-suites could do more to address the issue directly.
As Australia drives towards 24 per cent renewable energy generation this year and up to 50 per cent by 2030, the challenge of managing evolving risks becoming more urgent. We expect to see even more gas turbines modified or upgraded to cater for this change in the generation mix. New gas turbine technology coming to market is increasing resilience by allowing existing turbines to be operated in peaking mode, cycling mode and fast starting mode.
Across all industries, innovation—the ability to adapt to changing market circumstances and create a competitive advantage—is vital for business resilience. Innovation can take many forms. While the impact of these advancements could be significant, innovation can also bring risks.
While acquisition strategies are an essential part of fuelling future growth, the risk implications are often extensive. The acquiring business must address these throughout the transaction and subsequent integration process.
Australia’s resources sector has bounced back in 2018. This is great news for a cyclical industry that’s been through a tough spell but the upswing has an impact on risk profiles that must be taken into account.
It's what makes the world go around. Almost everyone agrees that it can't buy happiness, and we all know it doesn't grow on trees.
But for many people around the world, it now comes from a tiny island in the middle of the Mediterranean Sea.