Business Continuity Plan
What does it mean?
Business Continuity Plan refers to an organization’s ability to continue its operations and service delivery even in the face of adverse events or incidents that could jeopardize the company’s reputation, cause process disruptions, or, in the worst cases, threaten its very survival.
However, Business Continuity is much more than that. In fact, the Business Continuity plan is a document that identifies critical aspects in the company’s processes, assets, human resources, and business partners, highlighting potential threat indicators, outlining the resulting scenarios, and identifying appropriate action plans to ensure business resilience. Essentially, the Business Continuity plan extends its scope to intercepting such events and minimizing their impact with timely and proactive responses if they occur.
The essential steps for developing a proper Business Continuity plan include:
- Functions and vital areas: Identification of crucial functions and areas for the company, which must be adequately protected and ensured.
- Criticalities: Identification and analysis of potential criticalities that could occur in the mentioned functions or areas.
- Recovery procedures: Identification of specific actions to ensure operational continuity in those functions or areas.
- Downtime: Determination of the maximum duration of interruption for each critical activity without causing a service disruption.
- Business Continuity team: Definition of the team responsible for making key decisions in crisis management and overseeing the activities carried out by the involved resources to implement the Business Continuity plan correctly.
What we do
At Hub Logistics, we have taken the proactive step of implementing the Business Continuity Plan, not merely as a passing trend but as a crucial commitment to consistently deliver exceptional value to our customers, regardless of the circumstances.
