How to design processes in companies to make sure that these risks will be mitigated not only on the organizations’ level, but in relation to subcontractors/vendors as well? The short answer is: risk profiling.
As the coronavirus outbreak situation is developing across the Europe it is important we provide clients of our services and products an accurate and timely information on the status and mitigations steps C&F undertakes to avoid or limit the impact of the outbreak to our business.
These will naturally be different for different industries, and in their specifics also for different companies within one industry, but there is a common denominator they all share. Faced with an epidemic, any company may need to contend with (among others) the following scenarios: