Maintaining business continuity requires managing threats and the risk of business disruption. Disruptive events can stem from financial, operational, cyber, ESG, natural disasters, and supply chain disruptions.
Predicting disruptive events can be challenging, especially when referring to unknown risks that can arise suddenly.
Organisations can reduce risk exposure and even eliminate the impact of a particular type of risk event through careful planning, the use of tools, and the adoption of effective risk management processes.
Reading time: 3 min
Smart contracts – the advent of blockchain technology – are becoming an effective tool to measure economic health as they take CLM systems and businesses to the next level.
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The COVID-19 pandemic has had a dramatic effect on global trade, disrupting industries, economies, and supply chains. Prolonged lockdown periods caused a supply and demand shock. Governments, businesses, and individual consumers struggled to procure basic products and materials. Most of them were forced to confront the fragility of the modern supply chain to achieve better supply chain resilience.
Reading time: 3 minutes. Photo by Brett Jordan on Unsplash