Evolving risks require new tools, processes, and procedures to create a business continuity plan

Since early 2020 the pace of change has accelerated, albeit to a varying degree based on your industry/sector. Many organizations consider the impact of the pandemic as a business continuity issue and are still using the same tools, processes, and procedures to manage their supply chain as they did before 2020. 

Many sectors such as energy, retail, life sciences and the consumer sector have been catching up.  The financial services and telecom industries have made more progress in normalizing the situation by understanding and reflecting on the lessons learned and by implementing systems and processes that will help enhance their TPRM programs now and in the future.