Risk & Continuity Planning

It is important to have a strategic business plan, one that details how your business will remain resilient and manage risk during this turbulent time.

Stress testing and Scenario Analysis

This will not only allow you to consider the opportunities, but more importantly manage risk and continuity planning in your business, providing a better position to navigate the uncertainty during this virus outbreak.

In the same way that many businesses stockpiled raw materials during the 2008 financial crisis and in the run up to Brexit, consumers are now doing the same, yet we believe that this is again unnecessary.

Supermarkets have some of the strongest supply chains in the business world. They have teams of staff planning for eventualities of short stock, supplier problems, changing consumer preferences, extreme weather conditions, and health scares.

So, have you performed any scenario analysis or stress tests on your business?

How confidently can you answer the following statements?

  • My business will still have positive cash flow despite a three-month period of 20% lower sales;
  • I can still service my customers with a 25% reduction in my workforce;
  • I have performed scenario analysis on a disruption to my supply chain;
  • We have the ability to support our staff base working remotely undisrupted.

Similarly, to previous global crisis, some sectors will be hit harder by COVID - 19, but it is becoming apparent that no business will be immune to its impact.

It is not too late to plan, consider, document, and challenge how your business will survive uncertainty whilst responding to significant events, through a business continuity plan or other means.

The plans you put in place now will invariably help your business operate regardless of what happens in the coming months.

Get in touch

If you would like support with business planning please complete the form below and one of our team will be in touch.

Your personal data is collected by Mazars in South Africa, the data controller, in accordance with applicable laws and regulations. Fields marked with an asterisk are required. If any required field is left blank, it will not be possible to process your request. Your personal data is collected for the purpose of processing your request.

You have a right to access, correct and erase your data, and a right to object to or limit the processing of your data. You also have a right to data portability and the right to provide guidance on what happens to your data after your death. Finally, you have the right to lodge a complaint with a supervisory authority and a right not to be the subject of a decision based exclusively on automated processing, including profiling, that produces legal effects concerning you or significantly affects you in a similar way.

Want to know more?