Q: What can I do to protect my business in the wake of the COVID-19 pandemic?
Put someone in charge and make sure they are supported with relevant information and empowered to make, and implement, rapid strategic decisions, based on business priorities that will allow the organisation to survive in the short term.
As part of any Business Continuity Planning process, a Business Impact Analysis (BIA) may have been completed that analyses priority activities and the impact of a disruption on them. This should be reviewed in detail, or commenced if not already completed, taking account of the current situation – you may need to expand upon the activities and dependencies evaluated previously, as well as any new ones you had have to introduce, and dig right down into your supply chain, based on your current demand.
You can find out more here.