UK companies getting better at business continuity management

According to the latest British Standards Institution (BSI) Business Barometer, the majority of UK companies now take business continuity seriously. A survey conducted for the Business Barometer found that 61 percent of businesses ‘recognise the business benefits of business continuity management in terms of reducing risk, satisfying customer requirements, remaining competitive and winning new business’.

Other findings include:

* 80 percent of FTSE 250 companies would expect to last up to a week before feeling serious detrimental effects of a disruption or disaster;

* Just under half (45 percent) have comprehensive supply chain failure plans (18 percent in the 2005 Business Barometer);

* 41 percent are fully prepared for forced business relocation (15 percent in 2005);

* Over half (51 percent) are very well prepared for IT systems failure (27 percent in 2005);

* 46 percent of businesses are required by customers to show they have business continuity measures in place, three quarters now ask their own suppliers to do the same.

* 40 percent of businesses who are already committed to applying British Standards agree strongly that compliance with the new business continuity standard is likely to play an important role in staying competitive and winning new business in future. This is compared with only 26 percent of businesses overall.

www.bsi-global.com/british_standards

•Date: 8th Dec 2006• Region: UK •Type: Article •Topic: BC statistics
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