Physical and commercial exposure.
WHY IT IS A BUSINESS MATTER
Changing conditions affect operations, supply and demand.
WHAT PHYSICAL RISKS EXIST
Flooding Extreme heat affecting people, equipment and stock Water scarcity Storm damage Disruption to transport and power
WHAT TO ASSESS
Whether your premises are exposed Whether your supply routes are exposed Whether your suppliers are exposed
WHY SUPPLIERS SPECIFICALLY
Their disruption becomes yours.
WHAT FLOODING REQUIRES ASSESSING
Whether the site has flooded before Drainage Whether stock and equipment are at ground level
WHAT TO DO
Move critical assets above likely levels, where practical.
WHAT HEAT AFFECTS
Worker capability and safety Equipment reliability Cooling costs Perishable stock
WHAT TO ESTABLISH
Arrangements for working in heat.
WHAT TRANSITION RISKS EXIST
Regulation increasing costs Customers requiring changes Products becoming unacceptable Financing becoming harder
WHAT TO ASSESS
Whether your product or process faces any of these.
WHAT TO CONSIDER
Whether demand for what you sell is affected by changing conditions.
WHAT OPPORTUNITIES EXIST
Products and services addressing these problems Efficiency reducing cost Meeting requirements competitors cannot
WHAT TO ESTABLISH
Continuity arrangements for foreseeable disruption.
WHAT TO REVIEW
Insurance, and whether it covers these risks.
WHY
Cover for some perils is narrowing.
WHAT TO PLAN
Adaptation, rather than assuming conditions remain as they were.
