Emergencies and crises that strike companies unprepared can quickly threaten the continuation or even the existence of the affected companies.
Glass manufacturers are a good example: The equipment used to manufacture glass is extremely expensive and can be irreparably damaged by a single outage. An existence-threatening scenario and highly relevant due to last year's energy crisis.
This is where BCM, or Business Continuity Management, comes into play. The goal of BCM is to ensure that a business remains as operational as possible during an emergency through preventive measures.
After all, no matter how long a company has been around or how established it is, unforeseen events such as natural disasters, power outages, cyber attacks or even pandemics can occur at any time. The Corona pandemic is the best example: supply shortages, staff shortages, and a lack of infrastructure for mobile working caught many companies off guard and accumulated major damage.
In this article, we look at BCM: What is it? What does it do? How does it work? Plus, here's how BCM and emergency management relate.