As companies recover and grow, what is your top learning from the pandemic?
The pandemic has changed various things including the way of working, coordination, and collaboration with the stakeholders. Now, you have to determine exactly where and how the crisis has stretched and broken your existing models — and where the risks and opportunities lie as a result.
The factors coming into the risk register changed dramatically and it has become very important to make the recovery plans in advance and you have to be sure that they are in line with the business requirements.
What are the changes specific to the manufacturing sector?
For a manufacturing company, the pandemic has provided a different kind of challenge. On one side production can’t stop and on the other departments can’t come to office fully. While one can’t resist change, however, one can remain updated. Information flow should be intact between the risk management team and the key persons of the organisation who influence decision-making.
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