Witt O’Brien’s and BC Management Announce Results of Annual Event Impact Management Study Analyzing Effect of Crisis Even...
May 03 2021 - 2:32PM
Witt O’Brien’s, LLC (“the Company”), announced the results of the
9th Annual Event Impact Management Study in partnership with the
study’s owner, BC Management, A Castellan Solutions
Company. The study assessed how organizations prepare for
events and how those events impacted organizations during 2020.
“We’re confident this year’s study featured a
well-balanced inquiry across corporate resilience, business
continuity, crisis communications, and crisis management. The
resulting survey data is highly informative for resilience
practitioners and leaders as they build and enhance their
programs,” said Devin Sirmenis, Managing Director at Witt
O’Brien’s. The Company improved the survey design to reflect the
growth and maturity of the resilience discipline over the last
decade.
One key discovery detailed the increased
involvement from executive leadership in response to the following
events: ‘pandemic/disease’ (89%); ‘cyberspace attack’ (38% - up
from 25%); ‘health/safety issues’ (33%); and ‘protest’ (33% - up
from 19%). According to respondents, these same events resulted in
the most significant estimated financial loss and the greatest
impact to employees.
“We encourage companies to be proactive in using
this information to better safeguard their long-term financial
health and ability to operate with minimal disruption”, said
Cheyene Marling, Managing Director at BC Management. “We thank Witt
O’Brien’s for not only sponsoring this survey, but ensuring it
captures the modern and dynamic nature of the fast-growing
resilience discipline,” she continued.
Witt O’Brien’s is supporting COVID-19 response
for dozens of organizations, including multinational businesses in
financial services, transportation, technology, manufacturing,
energy, media, and other industries. In the public sector, this
includes helping more than 80 states, territories, counties,
hospitals, health systems, and universities operationalize as much
as $8 billion in federal recovery funds.
* * * * *
About Witt O’Brien’s
Witt O’Brien’s, a subsidiary of SEACOR Holdings
Inc., is the world leader in crisis and emergency management. We
help protect our government and corporate clients by preparing for
all types of business disruption. If disaster strikes, we deploy in
a matter of hours to help clients respond and recover as quickly as
possible. Over the last two decades, we have helped all levels of
government respond to health crises, including Avian Flu, H1N1,
Ebola, Zika, and now COVID-19. We have also supported emergency
operations and long-term recovery following every major U.S.
natural disaster, assisting with the administration of over $50
billion in federal aid.
About SEACOR HoldingsSEACOR Holdings Inc. is a diversified
holding company with interests in domestic and international
transportation and logistics, crisis and emergency management, and
clean fuel and power solutions.
About BC Management
BC Management is the leading provider of
executive staffing and research services for the business
continuity profession worldwide. BC Management provides contract,
contract-to-hire, and direct-hire staffing solutions across all
risk disciplines and offers data-driven research studies covering
compensation assessments, program effectiveness and industry
trends.
About Castellan Solutions
Castellan Solutions As the largest provider of
business continuity and operational resilience management solutions
– spanning consulting, software, managed services, and staffing –
Castellan is uniquely positioned to help clients find the right
balance of risk tolerance and resilience to protect their
employees, brand, and bottom-line. Leveraging a proprietary proven
process for driving business continuity success, Castellan partners
with clients to establish a clear vision, drive real results, and
provide on-going support from their community of business
continuity experts. Castellan helps clients replace uncertainty
with confidence. Now you’re ready.TM
Media Contact
Sean Fitzgerald
sfitzgerald@wittobriens.com
1-310-384-5643
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