86% of respondents to the 2010 EMEA business continuity benchmark report produced by MARSH, said that their Buiness Continuity Management is aligned to their strategic business objectives. This demonstrates an increase of 7% since the last report published in 2008.
The first points I have picked from the survey in part 1 of my blog on the survey results show an increasing priority and acceptance from senior management that Business Continuity Management is key to supply chain sustainability and should be integrated into strategic business objectives.
225 business continuity and risk managers were questioned through a web based survey to understand their perceptions on issues relating to business continuity management, the majority of whom come from the Finance or Manufacturing sectors in the UK and the Middle East.
The questions were designed by Marsh BCM experts and based on the survey from 2008 to understand a) current views and b) any changing views over the past 2 years.
Key survey results show:
1. 86% of respondents said that their BCM is aligned to their strategic business objectives (up 7% on 2008), with only 3% disagreeing (down 4%)
conclusion: Business Continuity Management is becoming less of an optional extra and more closely linked to business strategy.
2. 83% of respondents thought that BCM was integrated into their risk management programme (up 7%0, with only 6% disagreeing (down 3%)
conclusion: BCM is no longer a standalone measure but integrated into risk management.
3. 83% of respondents thought that top management understands BCM and provides full support (up 7%) with only 4% disagreeing (down 5%)
conclusion: increased senior management recognition and bui-in of business continuity management.
4. 68% of respondents agreed that their BCM plan covers their supply chain risks (up 14%) with 11% saying that it definitely did not (down 11%)
conclusion: significant events such as the Icelandic volcanic ash and economic crisis appear to have highlighted the vulnerability in the global supply chain. Supporting evidence in the survey shows that 13% of respondents have experienced a supply chain disruption in the last 2 years.
I will publish part 2 of my survey conclusions later this week so keep watching.
