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Prepare for the unexpected

By Isabelle Chan, ZDNet Asia
Wednesday, January 10, 2007 02:28 PM

A disaster can strike at any time. When it does, will your business be able to operate with minimal disruption?

blog A disaster struck several nurseries in Singapore on Dec. 20. Heavy rains hit the island-state and disrupted operations of these small and midsize businesses located in low-lying areas prone to floods.

Among the affected businesses was FarEastFlora.com which won ZDNet Asia's SMB of the Year award in 2006.


Photo courtesy of FarEastFlora.com

The impact of the record-high rainfalls was severe. Christmas trees, plants, hampers, furniture and computers were washed away or destroyed. Damages and losses suffered by the nurseries were estimated at S$1.5 million (US$980,000), according to a news article in The Sunday Times.

Photos of the damaged goods, furniture and office equipment were heartwrenching, and my first thought was whether the companies had backed up their critical business data. Physical goods and equipment can be replaced but not valuable business and customer data that have been collected and compiled over the years.

News of the flash floods, however, were drowned out by another disaster a week later. An earthquake measuring 7.1 on the Richter scale hit Taiwan on Boxing Day and damaged undersea cables. Businesses and Internet surfers were affected as telecommunications and Internet services in East Asia were disrupted, which brought home the eerie reminder of how reliant we are today on information and communications networks--for both work and play.

These December events also remind us of exactly what BCP specialist Nathaniel Forbes has been driving home these past six months, which is the importance of preparing for unplanned events that could severely disrupt business. How prepared are you?



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Getting credit for having a BCP

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In July U.S. credit rating agency Standard & Poor's (S&P) started evaluating the enterprise risk management (ERM) capabilities of non-financial companies that it covers. This is S&P's announcement, and here..... by Nathaniel Forbes

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