Pandemic plans are no longer a luxury.
The COVID-19 pandemic has challenged businesses in ways that were previously unimaginable. Companies have been forced to modify short- and long-term business goals. This has been achieved by shifting business priorities, and evaluating both supplier and customer relationships. Operationally, organizations have needed to ramp up and ramp down modified work processes and associated controls to account for periods of higher and lower health risks.
Developing a formal pandemic plan will provide organizations the ability to more efficiently navigate the different stages of an extended pandemic event, as well to help ensure its continued business success. Accordingly, formal pandemic plans should be considered an essential element to any organization’s risk management efforts. Proactive and strategic organizations will utilize their pandemic planning efforts as a distinct competitive advantage.
View our most recent article: Ohio’s Public Health Advisory System and Pandemic Waves Planning
Be required by customers and lending institutions as a condition of doing business.
Pandemics are very distinct and different from more traditional types of disasters. Much can be leveraged from existing emergency response and business continuity planning (BCP) efforts. BCP components that can be leveraged to expedite the pandemic planning process include:
Existing business continuity plans and organizational resiliency will also benefit from the development of a formal BCP.
Pandemic plan elements can enhance existing BCPs and increase organizational resiliency with:
As referenced above, a key planning consideration is the development of plan triggers based on local infection rates and conditions. Ohio companies are currently at a distinct planning advantage due to the July 2, 2020 release of the Ohio Public Health Advisory System. This system provides objective criteria to help companies determine local alert levels and associated plan actions.
Oswald has decades of risk management and pandemic planning experience and is available to assist companies in the development of a document pandemic plan. Our strategic consultation includes the development of:
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