The companies that recover quickly from a crisis most likely have leaders who recognise that resilience is good business. A resilient organisation structures its business to ensure that it can meet its minimum needs to survive if disaster strikes. Such a cultural shift can only succeed if it gets the full support of the board, executive management, and key stakeholders.
Asia was the first region to confront COVID-19 and its businesses the first to confront unparalleled stress on property assets, supply chains, technology infrastructure and people. FM Global’s Mr Nantha Marimuthu and Ms Yong Seek Ying shares on the changing face of property risk, especially in idle facilities.
Real world property damage and related costs have led to an increasing awareness of climate risk in Asia-Pacific. As economic recovery takes the forefront, it is vital that businesses continue to protect themselves from the ever-present risk of natural catastrophes.