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Businesses Activate Continuity Plans
Tuesday, 30 October 2012 11:06

As Super-storm Sandy sweeps into the US East Coast, New York City experienced a record surge of seawater causing severe flooding and plunging much of Lower Manhattan into darkness.

Millions are being warned of widespread, lengthy power outages as an explosion at a Con Edison power station on the east side of Manhattan, caused by flooding or flying debris, could take up to a week to restore power completely.

Despite this, many companies will still be open for business.

Although their Headquarters are located in a mandatory evacuation zone, Goldman Sachs, Morgan Stanley and JP Morgan have all activated their business continuity plans to enable them to keep operating in the financial markets. The organisations communicated with their employees via internal memos, which indicated that:

  • They would have people working from the firm's other offices across America;
  • They would use teams in London and other locations around the world for additional support;
  • They have the processes in place to allow employees to work from home or other remote locations;
  • Critical individuals to the operation of the firm would be notified by their divisions to come to work - but only if they could do so safely.

 

With Hurricane Sandy causing devastating affects to large parts of the East Coast of America, having a fully rehearsed business continuity plan which safeguards the core competences of their business activities, is one less thing for Directors to worry about. These events should serve as a good reminder why every business across the world should have a business continuity and disaster recovery plan in place.

 

 


 

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EPS was particularly impressive in quickly grasping the nature and complexity of our complex and geographically dispersed structure and processes. They guided us skilfully and sensitively through to the completion of our BCP. I have no hesitation whatsoever in recommending EPS.

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