Bespoke Business Continuity solutions for your industry
Some risks like power outages, hardware failure, staff shortages, transport disruption and extreme weather are universal in nature, affecting businesses of all types and sizes, although the risk will vary according to location. Others, like the risk of product contamination, insect infestation or strike action are more prevalent in particular industries and demand specific business continuity solutions.
We recognise that every industry sector has its own unique issues and challenges and Resilience Guard’s business continuity consultants will work with you to develop custom-built business continuity solutions designed specifically for your business. Select your industry from the indicative alphabetical list below to see what Resilience Guard consultancy can do for you:
- Banking and Financial Services Sector
- Construction Sector
- Energy Sector
- Food and Drink Sector
- Government Sector
- Healthcare Sector
- Hotel Sector
- Manufacturing Sector
- Technology and Telecoms Sector
- Transport Sector
Business Continuity for the manufacturing sector
The financial cost of manufacturing plant and machinery standing idle is considerable. There are the obvious tangible costs –lost production, lost sales and financial losses –but also intangible costs such as lost customers, reputational damage and the opportunity cost of business resources being diverted to deal with the problem.
Manufacturing today is much less vertically integrated, with global supply chains and manufacturing practices tending to be based on holding low or zero stocks of components. This may have reduced costs and improved profit margins, but it has also raised the manufacturer’s risk profile significantly. For example, the Japanese tsunami in 2011 seriously affected the manufacturing schedules of the US automotive industry and other global companies, such as Apple, that relied on Japanese component suppliers.
When it comes to business continuity for the manufacturing sector, it is essential for manufacturers to look beyond the boundaries of their own organisation along the supply chain to identify critical suppliers and put contingency plans in place to mitigate their exposure. Having several suppliers able to supply key goods or services is obviously one way of spreading risk, another is to focus on logistics and predetermine alternative supply routes. (While business interruption insurance is an option it will not prevent or mitigate a business interruption but merely compensate firms after the event).
Equipment is another key dependency for the manufacturing industry. It’s an inescapable fact that replacing specialist machinery involves long lead times and, typically, is extremely expensive. Added to this, the specialist nature of manufacturing equipment means the pool of potential suppliers is usually very limited. Practical solutions include taking out fixed maintenance contracts to ensure critical machinery is kept in good working order and holding stocks of vital spares.
Manufacturing Business Continuity Expertise
Our consultants can help manufacturing companies develop business continuity strategies to improve:
- Manufacturing plant resilience
- Their ability to handle strikes (Workforce Continuity Management)
- The availability of their distribution channels
See more on our specialist business continuity consultancy services