Good technology, good communications, and good leadership have been rightly highlighted as the key positive factors in maintaining operations during the crisis.
Institute of Risk Management (IRM-UK) recently conducted a worldwide survey titled: COVID-19 Pandemic – Global Risk Management Response. As per the survey, 94% of the respondents believe that the current pandemic experience strengthens the case for Risk Management. The survey notes that the Risk Management community is fully engaged with the pandemic response, with 98% respondents still working in their risk roles.
The participants of the survey were from countries like UK, India, Africa, Middle-East, USA, Canada, South America, Australia, other European and Asian countries from across sectors like Finance, Banking, Insurance, Construction and Infrastructure, Manufacturing, Healthcare, to name a few.
Here are some key findings from the Survey:
- According to the survey, 32% of organisations said they had not considered a pandemic risk or anything similar before the current global COVID-19 pandemic, and one-fifth of organisations who had considered the pandemic risk did not take any actions about it.
- On being asked about…
