THE TRUTH ABOUT BUSINESS CONTINUITY TRENDS: IS YOUR BUSINESS MODEL BUILT TO LAST?
13 FEBRUARY 2023 ◦13 MINUTES
Business continuity has been a hot topic in recent years. Even more recently, we’ve heard the term ‘Agility and Resilience’ referenced heavily in discussions about food safety and the food supply chain, but what does it actually mean to have an agile and resilient business model? In this episode, we speak to Kimberly Coffin, Technical Director of Supply Chain at LRQA, who shares the truth about business continuity trends.
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There is no straight forward answer to managing risk, and the disruptions they cause as a result, but what we do know is that businesses need to be proactively developing and implementing business continuity plans that act as a driver for risk resilience. It’s not just about ensuring you have a plan that meets the requirements of a standard, it’s about recognising that these plans are a critical element of your framework to effectively manage risks, both known and unknown.
With so much change across the food sector in recent years, it’s never been so important to ensure organisations stay one step ahead when it comes to managing risk. Global events, such as the pandemic, the ongoing climate crisis, and more recently the war in Ukraine have showed us that while you might have good processes in place, unless they are aligned to a wider business continuity plan that is constantly evolving, risks can have a detrimental impact on your business, both reputationally and financially.