At a time when extreme weather events are frequently occurring, leaders within the United States commercial real estate industry are largely unprepared to maintain daily business operations according to a recent IndustryEdgesurvey conducted by Travelers.
The possibility of an evacuation of personnel and their families from a manmade or natural disaster keeps many security directors up at night. Evacuations are logistical ballets, where all moving parts must be practiced and happen in just the right order to be successful. And the plans must also include contingencies for the unexpected black swan events.
In my previous article on PSIM ROI, I explained how organizations can use PSIM to achieve operational savings. In this second installment of my two-part series on PSIM ROI, I’ll explore a less obvious (hidden) PSIM ROI which can be achieved through better security.
Regardless of your products, your company most likely sources raw materials, parts, finished goods or packaging from foreign business partners. Leveraging business partners, as opposed to building their own foreign production capabilities, allows companies to shift suppliers to low-cost regions without worrying about their foreign investments. Every year the global supply chain and the flow of international goods continues to increase.
Nearly 75 percent of companies experienced at least one supply chain disruption in 2012, with an average of five, according to the 4th Annual Supply Chain Resilience 2012 Survey.
Say a prayer for Joclyn and Jeffrey Bard of Huntington, Long Island. They suffered through the ravages of Superstorm Sandy, as had millions of businesses and households in the northeast U.S. Licking their wounds, the Bards in mid-November filed a lawsuit seeking class-action status before the New York State Supreme Court. They want damages from Cablevision for lost service, saying the cable company should be offering automatic credits to customers.
New York state and New Jersey need at least $71.3 billion to recover from the devastation wrought by superstorm Sandy and prevent similar damage from future storms.
Hurricane Sandy made landfall in New Jersey on October 29, 2012, crashing against the coastline of New Jersey before barreling into New York City and most of the upper East coast.
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