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UN Advises Companies to Prepare Contingency Plans

by: Sarah Joson

Thursday, November 28, 2013 | Outsourcing News |

In the wake of the strongest typhoon that devastated provinces in Central Philippines, risk reduction executives from the United Nations warned the private sector to create plans that ensure sustainability of operations despite damages and losses caused by disasters.  

Local non-government organizations were also urged to join forces with the domestic government in creating long-term plans seen in Cebu - where public and private groups worked together in reducing challenges when disasters strike.

Risk Reduction and Business Continuity

Margareta Wahlstrom, head of the UN International Strategy for Disaster Reduction (UNISDR), stated that private companies tend to focus on economic and financial risks and overlook disaster risk. Since the private sector is one of the critical players in economic recovery plans, they have to weather through the challenges and stay resilient. In a meeting with the Cebu Chamber of Commerce and Industry, non-government groups, and the academe, Wahlstrom said everybody needs to be prepared for a disaster because nobody knows when it will happen. She added that groups should evaluate their strengths and capabilities for such occasions.

Jerry Velasquez, head of UNISDR in the Asia-Pacific region, said only a small number of companies have business continuity plans that can help the country recover fast enough.


Source:
http://www.bworldonline.com/

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