Powered by the platform economy that emerged over the past five years, industry business models are transforming from linear-based value chains to integrated ecosystems by leveraging shared data and insights, applications, and operations and expertise, according to a new IDC report.
‘Charting the Course for Global Value Chain Resilience’, a new white paper from the World Economic Forum, says companies need to develop new supply chain resilience approaches and capabilities if they are to navigate the current and future disruptions.
Just as businesses are starting to find their groove with hybrid working, workplace resilience has begun to evolve again with the emergence of the metaverse. The metaverse is primarily defined as a shared digital space with digital representations of people, places, and objects.
Aon plc has published its ‘2021 Weather, Climate and Catastrophe Insight report’, which evaluates the increasing frequency and severity of disruptive natural disasters and how their resulting economic losses are protected globally.
The Government of Canada has welcomed a new report by the Council of Canadian Academies which looks at how to better protect the country’s critical infrastructure and supply chains, amongst other areas.
The Board of the International Organization of Securities Commissions (IOSCO) is requesting feedback on the lessons learned regarding the operational resilience of trading venues and market intermediaries during the COVID-19 pandemic.
Initial results from a benchmarking study being carried out by Topo.ai show that while 81 percent of study participants identify measuring security operations effectiveness as a top priority, only 12.5 percent say that they are highly successful at doing so.
Cyber perils are the biggest concern for companies globally in 2022, according to the latest Allianz Risk Barometer. The threat of ransomware attacks, data breaches, or major IT outages worries companies even more than business and supply chain disruption, natural disasters or the COVID-19 pandemic, all of which have heavily affected firms in the past year.
In a letter sent to Chief Executive Officers of PRA-regulated international banks active in the UK, the PRA set out key aspects of its regulatory expectations when it comes to operational risk and resilience.
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Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.
