The importance of implementing a BCMS based on ISO 22301 in order to ensure the continuity of businesses operations

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The COVID-19 Pandemic has changed the global business environment.

During the various global implementation of managing the pandemic, we were the audience in receiving the various lockdown regulations, the businesses who have to make hard decisions regarding cash flow, the retrenchment of staff, the placing of people on furlough and in severe circumstances, the closing down of businesses.

Some of the biggest and well-known brands could not survive 30 days without functional and lucrative revenue streams. Most of the airlines globally, asked for help from their various governments for financial support, most of their revenue-earning assets stranded on the tarmac at various airfield across the globe. This one industry has such a big knock-on effect on their Stakeholders and in some cases shareholders, that the industry is in Business Rescue.

Some of the companies who have been in existence for 50+ years, could not make the 30-day mark and filed for liquidation at the beginning of the global lockdown.

Then we have the industry regulators. Regulators are the Governments watchdogs to provide assurance regarding the state of the industry or is the various industries in a state. Furthermore, the regulators are dependent on the industry to generate their revenue streams. Looking at aviation, the various Aviation Authorities are primarily dependent on safety charges of passengers. With no international and domestic flights, there are no passengers and therefore no safety charges could be levied.

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About the Author

Nico Snyman
Founder and CEO at Crest Advisory Africa (Pty) Ltd Nico Snyman is the Founder and Chief Executive Officer (CEO) of Crest Advisory Africa (Pty) Ltd since June 2014, based in Johannesburg, South Africa. Nico has an MBA, specializing in Total Quality Management (TQM) and is an internationally Certified Management System Auditor with PECB. Nico is also a PECB-certified Senior Lead Auditor for 19 ISO standards. With over 35 years of experience in various disciplines, Nico has a vast subject matter expertise (SME) base across various industries, from government, corporate, regulators, banks, mines, medical schemes, etc. He served as a Brigadier in the South African Police Service (SAPS), an Executive on the biggest global project between 2007 and 2011, the Gautrain Project, and as an Executive, was instrumental to the establishment of the Bombela Operating Company (BOC) between 2009 and 2013.