Northern Ireland firms should look ahead and review the risks their businesses could face in the coming year with the pandemic and risk of a second wave, it’s been claimed.
And “being resilient enough to navigate the next 12 to 18 months is critical for any company”, according to Rupert Johnston of Belfast-based risk management firm Risk and Resilience.
“This situation affords, in fact it demands, that resilience forms a central aspect of those preparations. There is a long road ahead and companies have already made progress along it,” he said.
“But continuing to look ahead for risks, such as those posed by a second Covid-19 peak, Brexit, changing supply chains and the economic impacts to come, require planning, re-planning, and being both agile and resilient will be vital.”
The company has previously worked with major airports, FTSE 100 firms and utility companies.
Alan Elwood, also a director at Risk and Resilience, said “signs of long-term Covid-19 induced change in a post pandemic world” and that some of them “will become permanent”.
“As companies look to the remainder of 2020 and 2021, it’s important to navigate a resilient path through all of the uncertainty and turbulence. To that end, we’ve taken our tried and tested resilience services and fine-tuned them for the Covid-19 world. The ‘resilience navigator’ service includes an online resilience ‘health check’ to take stock of current operational resilience and identify the likely next steps.
“It’s a simple multiple-choice questionnaire that is followed up with a short consultation and report – all of which can be delivered remotely.
“We are all in unchartered territories and our decades of experience advising a range of companies can add real value.”