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How to Offload Your Risk to a Third Party

MHA Consulting

Risk transference is one of the four main strategies organizations can use to mitigate risk. There are four main strategies for mitigating risk : · Risk acceptance: Making a conscious decision to remain vulnerable to a potential harm, usually based on a cost-benefit analysis. If you don’t have a copy, you should grab one.)

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Business, Interrupted: Peeling Back the Layers of Supply Chain Resilience

Castellan

That also includes considerations and planning for transportation, logistics, strategies, customer communications, and more. What’s the impact of disruption or loss of that supplier on your ability to do business? How will you accept, mitigate, remediate, or remove these risks? What’s your organization’s risk threshold?

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The Future of Business Continuity: Innovations and Emerging Technologies

Erwood Group

The Future of Business Continuity The Future of Business Continuity: Innovations and Emerging Technologies In an era of rapid technological advancement, the landscape of business continuity is evolving, embracing innovations and emerging technologies to enhance resilience.

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How to protect your data from cybercrime when working from home

SRM

In fact, the logistical challenges faced by larger companies and the greater number of devices being used makes managing risk a greater challenge. Thankfully, there are steps that can be taken to mitigate the risk of cyberattacks amongst remote working teams. Cover the basics.

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Common Misconceptions about Disaster

Emergency Planning

Reality: Field hospitals are usually set up too late to treat the injured and end up providing general medicine and continuity of care. In addition, technology is a potential source of vulnerability as well as a means of reducing it. Myth 47: Business continuity management only applies to the private sector. It is not so.

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Navigating the Supply Chain Crisis

Risk Management Monitor

Extraordinary congestion at critical global ports, decreased availability of key raw materials and component parts, rising freight bills and an increasingly tight job market have all contributed to the need for companies to create an effective logistics risk management program. How Did We Get Here?

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COVID-19 – A massive failure of risk management?

Plan B Consulting

If risk management has any purpose, it is to identify the most severe and likely risk to an organisation and then something can be done to mitigate the risk. The role of the Business Continuity Manager is to identify this as an issue and then examine their organisation’s exposure.