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(For example, if a gas leak across the street prevents your staff from entering your facility, and no plans have been made to enable them to work from home or at an alternatesite, you might be unable to deliver goods and services to your customers, possibly prompting some of them to switch to your competitors.)
I think that Business Continuity Certification will be made mandatory by Insurance Companies and Banks. Relocation Sites Work area recovery centers (hotels where businesses can relocate following a disruption) will be a hard sell after this crisis ends. And this means a change in technology and support required.
I think that Business Continuity Certification will be made mandatory by Insurance Companies and Banks. One assumption that goes out the door is far shore alternatesites and all those travel plans. New norms will be defined and a greater appreciation will be had for business continuity planning.
Loss of Workplace : Only one primary site or location is impacted or disrupted at any time. Alternatesites & locations are not impacted and are available for recovery use. Strategy 1 – Utilize Alternate Method – Spreadsheet. Strategy 2 – Utilize Alternate Method – Notify Bank to Utilize Previous Weeks Payroll.
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