Textile and garment supply chains in times of COVID-19: challenges for developing countries | UNCTAD
Given its non-essential nature, the fashion industry faces significant risks. Indeed, in times of COVID-19, as consumers around the world remain in lockdown, they no longer need new products. This industry is characterised by a highly integrated global supply chain. In it, many developing countries play the role of the supplier of low-cost inputs. This article highlights some of challenges and concerns that some of these countries face, many of which are dependent on textile and garment exports.
FERMA calls for EU Resilience Framework for Catastrophic Risks | FERMA
There is currently little to no insurance coverage available for financial losses in case of catastrophic risks, such as the current COVID19 pandemic. The resilience framework would have the flexibility to respond to a range of catastrophic events, such as pandemic and massive cyber-attacks, that can create severe business losses without physical damage.
BCI Coronavirus Organizational Preparedness Report - 6th Edition
"Many organisations have told us that they are now regularly reviewing the business continuity plans of suppliers as suppliers’ plans – rather like their own – are having to adopt a degree of agility to cope with the unknown progression of the virus.”
"Organisations are increasingly looking towards the sustainability of their plans: 60.7% have now reviewed their BIAs to reflect changing priorities given the sustained impact of the pandemic, a substantial rise on the 53.5% reported only two weeks ago."
Download the report here
Emerging security challenges organisations should be aware of as lockdowns relax | International SOS
Experiencing an exponential rise of COVID-19 related security cases during the pandemic, International SOS sheds light on three emerging security challenges. These are alongside underlying security issues that the pandemic environment has and will continue to exacerbate.
Coronavirus era puts resilience of supply chains ‘front and centre’ warns Kellogg | Food Navigator
The latest EY attractiveness survey - which examines the performance and perceptions of European countries as a destination for foreign direct investment (FDI), revealed that post-COVID-19 there will be an additional lens front and centre: the need to juggle cost and resiliency.
Pandemic also a reckoning for climate change: Turnbull | Policy Exchange and The Age
"The COVID virus has been a case of biology confronting and really shaking the complacency of day-to-day politics with a physical reality of sickness and death on a scale we haven't seen for a very long time," Turnbull told the Policy Exchange audience. "And so the question really is: why do so many people in government and so many people in politics - particularly in the Anglo sphere - not take the scientific evidence on climate change just as seriously?
Coronavirus Supply Chain Issues Raise Protein Sector Credit Risk | Fitch Ratings
Managing supply chain risk in a post-COVID-19 world | East Asia Forum
At the recent G20 Finance Ministers meeting in Riyadh, French Finance Minister Bruno Le Maire — a staunch advocate of deepening economic integration — posed a question which just a few years ago would have seemed inconceivable:
‘Do we want to still depend at the level of 90 per cent or 95 per cent on the supply chain of China for the automobile industry, for the drug industry, for the aeronautical industry or do we draw the consequences of that situation to build new factories, new productions, and to be more independent and sovereign?
That’s not protectionism — that’s just the necessity of being sovereign and independent from an industrial point of view’
Think of coronavirus as a test run: Australian military leaders warn we must prepare for worse | ABC News
As Australia was swept by panic buying and medical shortages this year, the scenes were eerily familiar for one of the country's most senior military planners.
In a secret meeting only a year earlier, the Defence Department's director of preparedness Cheryl Durrant and a group of Australian industry leaders had predicted a strikingly similar scenario.
"We predicted the unpredictable," says Ms Durrant, who left the department in January.
Neglecting idle facilities amid COVID-19 will cost companies dearly | FM Global
As distracted corporate executives close offices, plants and warehouses to reduce COVID-19 spread, other worrisome risks are emerging at these now-idle facilities. In addition to fires, vandalism and theft, spring flood season is beginning in the U.S., and hurricane season starts in a mere two months, leaving understaffed facilities potentially vulnerable. Additionally, earthquakes and tornadoes have continued to occur during the pandemic, as the U.S. has seen recently.
COVID-19 latest update | Federal Department of Health
Latest COVID-19 updates from the Federal Department of Health.
Pandemic Preparedness: Start Your After-Action Report and Improvement Planning Now | Homeland Security Today
Responding to COVID-19, while certainly unique, provides a great opportunity to mature pandemic/health threat preparedness and business continuity capabilities. In order to make the most of this opportunity, the after-action process should begin as soon as possible (like, two weeks ago). Development of an after-action report could be bolstered by staff who may not presently be fully engaged due to remote work activities; take advantage of available resources.