Quarterly Resiliency Forecast-Winter 2023
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Editor’s Note: In October, I had the opportunity to travel to the Palghar area of India to visit one of the international non-profits TRI supports- The Resilient Foundation. The Resilient Foundation trains rural and marginalized communities throughout India on emergency preparedness. The Foundation’s co-founders, Bhupendra Mishra and Yugandhara Kajare, hosted me at two different schools, where the students shared with me what they had learned so far.
I got to witness firsthand the impact the preparedness training is having on the students. The students shared how they would administer triage, demonstrated their earthquake and fire response protocol, and showcased how they create risk assessments for their school. The students also attempted to teach me a native dance, and my lack of abilities offered up some good laughs!
This experience was very rewarding. Witnessing how empowered and engaged the students were warmed my heart and demonstrated how a major impact can be made with just a small investment of time and money.
It’s been a year and a half since I made the bold leap, leaving Corporate America to go all in, running my small business. It has been an amazing journey so far, one I could not have done without the support of clients and colleagues such as you.
On behalf of the entire TRI Team and our Advisory Board, we wish you a wonderful holiday season.
Andrea
The Top 3 Risks Organizations Should Prepare for in 2024 & How You Can Mitigate Their Impact
Risk #1: Geopolitical
The ongoing war in Ukraine, increased tensions in the Middle East and strained relations with China will continue to affect trade, causing supply chain disruptions. Organizations need to have redundant supply sources and understand the capabilities of their third-party vendors.
How do you mitigate the impact of this risk?
Detail your critical functions, understand how long it will take you to recover if you suffer a disruption, and outline how you will mitigate the impacts of the disruption.
Request any third-party vendor emergency and continuity of operations plans.
As part of your organization’s contract process, make it a requirement that all contractors and vendors have and share their continuity of operations plans with you.
Risk #2: Technological
With the increased use of AI and the rise in ransomware attacks, companies and organizations must ensure their IT security is robust and continuously tested. Additionally, organizations should have a process to vet information to validate its legitimacy.
How do you mitigate the impact of this risk?
Create a disaster recovery plan. Working with your IT department and third-party vendors, detail systems used to support your operations, determine redundancies and create your recovery time objectives.
To counteract disinformation, engage your communications team to create organizational-wide guidelines on verifying information, determining how to fact-check and cross-check data, and listing out trusted sources to reference.
Risk #3: Climate Change
From the Maui fire to the historical flooding during the Burning Man event and unprecedented heat and cold waves across the United States, organizations need to ensure they have emergency plans in place for employee care and operations continuity.
How do you mitigate the impact of this risk?
Conduct a table-top discussion with your organizational leaders, walking through your emergency response protocols.
Create roles and responsibilities for employees during a crisis.
Offer preparedness training and resources to employees.
Develop and practice ways to communicate with your employees during and after a crisis.
Exciting New Partnership with I-OnAsia
Executive Table-Top Discussion Package
TRI is excited to share that we have partnered with I-OnAsia to offer half-day exercises informed by I-OnAsia’s unique recent investigations and security assessment assignments. Merging TRI’s experience in leading global corporations through crisis and business continuity planning with I-OnAsia’s 22-year track record of success in Asia is very exciting.
Our first set of scenarios focuses on C-Suite topics affecting key corporate stakeholders in legal (including compliance and government relations), supply chain, human resources, and IT. As we scan the horizon for 2024, there is a pressing need to exercise corporate preparedness in these areas. To set the scene, we begin with a negative media article and a law enforcement inquiry relating to a key third-party relationship in Asia... then we explore the impacts on business and brand.
Our uniquely designed tabletop exercise package includes:
Pre-exercise reading materials (e.g., situation report) for participants prepared jointly by TRI and I-OnAsia
A tailored scenario facilitated by TRI, with I-OnAsia providing regional expertise and real-world examples of what has worked and what has not
Expert facilitation and debriefing
A detailed after-action report with planning recommendations
Together, our goal is to bring value to you and your stakeholders. We know there is nothing more satisfying in risk management than being prepared for the right hazard at the right time.
To schedule, contact TRI: info@theresiliencyinitiative.com or +1 (424) 478-0779
