Companies must rethink disaster preparedness, Marsh analyst says

04/14/2011 | PropertyCasualty360

The earthquake and subsequent tsunami that devastated Japan last month should prompt global companies to evaluate their risk-management and resiliency plans, which may not account for catastrophes that could affect their supply chain, says Gary Lynch, an analyst with Marsh. Elaborate supply chains can exacerbate these risks, so companies should plan for common and unusual disasters and be ready for short- and long-term business disruptions, he argues. "True resiliency may mean re-engineering or blowing up traditional plans," he notes.

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