Join us at the CRMA 2024 Conference!
HORIZON SCANNING
❞Solar Storms: A Risk Event?
Given the possible impact/effects of a Solar Storm that parts of the world are experiencing, especially in parts of the United States, including my home state of Florida, should these be considered part of your business impact analysis (BIA) as a larger part of your Business Continuity plans and your enterprise risk management framework? (low probability/high impact). Given the impact of these events on power grids and communications, what about the Disaster Risk Management/Reduction framework at the national/Government level?
“Though forecasters are working with operators to minimize the impact, the storm could affect the power grid as well as satellite and high-frequency radio communications. The Biden administration is monitoring the possibility of impacts, a White House official said.” ~CNN
As Dr. Warren Black warns: “Attempting to predict, measure & plan for specific threats is a particularly vulnerable way of building up one’s resilience to complex disruptive phenomena such as global weather patterns. The complexity sciences suggest there is far too much irrationality & unpredictability in play to accurately plan for specific scenarios with any genuine level of consistency. Yes, some scenarios are obvious and quantifiable, but many more are not.“
11 May 2024
❞Using TikTok for Marketing?
If the answer is yes to the question above, then, as part of your strategic planning for the next 6-12 months, please take note of the following?
“A bipartisan TikTok bill is now on its way to becoming law. Late last night, the Senate passed the measure, 79 to 18, three days after the House passed it, 360 to 58. President Biden said he would sign it today. If ByteDance does not sell TikTok within 12 months, it will be banned in the United States.”…NY Times
Watch this space!!!!!!
24 April 2024
❞Strategic Plans must be Agile…
As companies develop their strategic plans, I submit that agility must be one of the pillars of that plan. Companies must employ horizon scanning, using both a microscope and telescope to ensure they are looking at not only what is happening and immediate (what is close) but also what can happen (i.e., future-proofing) and what is farther away.
The following is a great example, if not a bit “funny.”
“Japan’s aging population is shifting even its diaper business. Japanese diaper company Oji Holdings recently announced that it’ll stop producing for babies domestically and will make adult versions instead—though it will continue making products for babies’ tushes in Malaysia and Indonesia. The decision reflects what’s been happening in the Japanese market for a while now: In 2011, the nation’s biggest diaper brand, Unicharm, said adult versions had outsold baby ones. And it’s grown more acute since then. Last year, Japan recorded its fewest annual births since the 19th century, and the proportion of its population over age 80 grew to more than 10%, per the BBC. Japan’s growing adult diaper market is estimated at ~$2 billion.”
Stay proactive, resilient and anticipatory folks!
28 March 2024
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