ICC has issued a practical guide to build business resilience in the face of the COVID-19 pandemic.
The free-to-download guide is based around four key principles – Plan, Adapt, Monitor and Assess (PAMA) – to help businesses become as resilient as possible in the face of the COVID-19 global health crisis.
This high-level guide features practical tips on how to build a resilience strategy including questions that will help identify supply chain risks. The guide also includes a sample business continuity scenario analysis and a business unit continuity analysis template.
In his foreword to the guide, ICC Secretary General John W.H. Denton AO said:
“It is understandable to feel overwhelmed by the health and economic challenges posed by COVID-19. But we must focus on those things we can control. Preparedness is a critical factor in determining the likelihood your business will remain afloat. If you have not done so already, it is imperative that you put a plan in place to maintain business continuity.”
The coronavirus (COVID-19) global health crisis is also becoming a global economic crisis impacting or threatening to impact businesses all over the world. As the trusted institutional private sector partner to business, governments and international organisations is developing tools for business and policymakers, in line with its commitments to help chart an effective international response to the pandemic.
Addressing the global business community in the Business Continuity Guide foreword, Mr Denton said:
“I invite you to reach out to your local chamber of commerce and trade association for advice more tailored to your region and sector…These are challenging times, but with preparedness, pragmatism and determination, we will prevail.”
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