Risk of power shortages calls for robust business continuity planning

Amid concerns that electricity and other sources of energy could become scarce in Europe this winter, companies are being advised to draw up thorough plans to address any threats to business continuity.

To support practitioners looking to strengthen their resilience against potential energy shortages, Zurich Resilience Solutions has prepared a new whitepaper dedicated to just that.

Powered up: Avoiding the shock of an energy shortage with business continuity planning”suggests that practitioners analyse business processes now, define vulnerabilities, develop procedures, and be ready to implement plans and revise them when necessary.

Jean-Pierre Krause, chief risk engineering officer, said: “Taking steps early to prepare for the eventuality of shortages is critical for businesses. It can help them develop the plans they need to keep their business open and pipelines of goods and services flowing. However, it is equally important that we all reduce energy consumption now. Every kilowatt hour of energy saved today helps to reduce the risk of a shortage.”

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