IMPACT OF COVID-19 ON THE FUTURE OF BUSINESS CONTINUITY
“Everybody has a plan until they get punched in the mouth” 2020 was a practical example for this quote. COVID-19 has a paralyzed multiple organizational operation. However, unlike natural and human made disasters, the pandemic is unique and complex due to the uncertainty on time and enterprise-wide impacts building over time, having the ‘Boiling Frog’ effect on organizations.
With governments Implementing social and strategic control measures to combat the virus, there has been a huge disruption on a daily business operation. A reduction in the movement of people and goods means that we are likely to have reduced, transactions, supplies, and overall organization efficiency. Traditional resilience plans are not sufficient to address pandemic-related disruptions.
What lessons can we learn from the impact of COVID-19 on the future of Business Continuity?