A quarter of companies are developing their first business continuity plan in response to COVID-19: study

Published: Thursday, 05 March 2020 08:47

COVID-19 has been a catalyst for many organizations to address business continuity failings; with just under a quarter (24 percent) of companies currently in the middle of drafting an initial business continuity plan, according to a study by global consultancy firm Mercer.

Mercer’s ‘Business Responses to the COVID-19 Outbreak’ survey shares insights from over 300 companies from 37 countries.

The survey also found that 27.2 percent of companies do not have a business continuity plan in place at all and are not developing one.

Actions and plans in relation to COVID-19 identified by the survey include:

Many employees rely on their employers to monitor and assess the situation and share key findings with them, meaning that organizations have the opportunity to support their employees through:

More details.