Episode 117: Lessons Learned From Dynamic Risks Like Supply Chain Issues, Natural Disasters, and Civil Unrest At our DRJ Spring 2022 conference in Orlando, Brian Zawada, the chief operating officer for Castellan Solutions, and Matt Bradley, VP of global security solutions for Onsolve, presented on “Achieving Operational Resilience in 2022: Lessons Learned from Supply Chain Disruption & Other Dynamic Risks.” In this short portion of their session, they cover how these issues have affected businesses, and what we need to be cognizant of. Register for DRJ Fall 2022: The Evolution of Resilience: https://www.drj.com/fall2022 Sign up for our Four Corners newsletter for opportunities to connect, access to exclusive content, bonus interviews, and more at https://bit.ly/BRDFourCorners. Some key takeaways from this episode are: - Dynamic risks are what happen when Risk A becomes Risk B. A lot of the disaster plans we have are curated for disasters happening in isolation, but sometimes disasters stack up. How are you preparing for second or third order risks in your plans? - Civil unrest can lead you to need to make decisions not just on government sanctions, but on personal sanctions. The Russia-Ukraine conflict has caused a lot of global companies to question if they should pull out of Russia if that’s applicable to them. - Sometimes Risk B is completely unrelated to Risk A. Meaning, you’re prepared for one disaster or scenario but then a completely different scenario happens. This demonstrates a need for awareness of all risks in an area including social, political, and geographic risks. - Supply chains are extremely fragile, and we’re all becoming more aware of that as we’re personally and professionally impacted by supply chain disruptions. So many things, including government action, severe weather, protests, material shortages, and staffing can affect supply chains. It’s crucial to monitor supply chain risks at all times to keep operations going. Disaster Recovery Journal: Register for DRJ’s weekly (Wednesday) webinar series: https://drj.com/webinars/up-coming/ Asfalis Advisors: Visit our website here: https://www.asfalisadvisors.com Apply to be a guest on the podcast: https://www.asfalisadvisors.com/decoded/ Download the 5 Step Crisis Strategy: https://www.asfalisadvisors.com/services/ Connect with the podcast! Email us: podcast@drj.com Podcast website: https://drj.com/decoded/ Twitter: https://twitter.com/BRDecoded LinkedIn: https://www.linkedin.com/showcase/business-resilience-decoded/ YouTube: https://www.youtube.com/channel/UCNEIrqWlxuyDvkXB24h6Obw/videos Vanessa Mathews, host Vanessa Mathews is the founder and chief resilience officer of Asfalis Advisors, where they are focused on protecting the legacy of the leaders they serve through business resilience. Before becoming an entrepreneur, Mathews developed global crisis management and business continuity programs for government and private sector organizations to include Lowe’s Companies, Gulfstream Aerospace, and the Department of Homeland Security. LinkedIn: https://www.linkedin.com/in/vanessa-vaughn-mathews-mba-cbcp-70916b4b/ Book Mathews as a speaker: https://bit.ly/VanessaMathews Jon Seals, producer Jon Seals is the editor in chief at Disaster Recovery Journal, the leading magazine/event in business continuity. Seals is an award-winning journalist with a background in publication design, business media, content management, sports journalism, social media, and podcasting. LinkedIn: https://www.linkedin.com/in/jonseals/ Disaster Recovery Journal: https://drj.com/