article thumbnail

Economic Impact of Russia Sanctions

Fusion Risk Management

The impact of this will be directly felt on consumers in the form of higher gas prices, larger costs to heat their homes, and greater costs for other types of transportation. For example, aircrafts that would normally transport goods by flying over Russian airspace will have to re-route and fly longer distances.

article thumbnail

Business Continuity Capability – What is it and do I need it?

Plan B Consulting

There is an additional area of self-assessment which looks at their understanding of the organisation’s capability, which I have defined as “understanding the different types of incidents the organisation might face and the response plans and procedures for dealing with them”.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Business Continuity Capability – What is it and do I need it?

Plan B Consulting

There is an additional area of self-assessment which looks at their understanding of the organisation’s capability, which I have defined as “understanding the different types of incidents the organisation might face and the response plans and procedures for dealing with them”. Sum of the whole which makes capability.

article thumbnail

Dynamic Risks: Working Definitions and Implications for Risk Management Teams

On Solve

As a second example, a logistics and transportation company shared the following scenario: “On a Friday morning, we noticed many of our staff were not showing up to work, causing a major staff shortage. Response Framework Example A typical response framework may look like the one below. TRM ISO 31030:2021.

article thumbnail

The Ukraine Invasion: What Are the Impacts on Supply Chain Dynamics?

Fusion Risk Management

Logistics Route and Capacity Constraints : Supply chain transportation and freight is already being impacted across the globe. Apart from humanitarian flights, the EU has closed much of its airspace to Russian planes in response to Russia’s invasion.