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Volume 32, Issue 2

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Wednesday, 13 March 2019 15:13

Why traditional workplace recovery strategies are falling short

Flexible workspaces are saving companies time and money when disaster strikes, says Joe Sullivan, Head of Workplace Recovery Product at Regus

According to the 2019 WEF Global Risks Report, ‘extreme weather events’ are the biggest risk we face as an international community, with natural disasters, data fraud and cyber-attacks following close behind. Preventing the unpredictable is beyond our control. What we can manage, however, is our level of preparation when disaster strikes.

At Regus, we speak from experience. In September 2018, the effects of Hurricane Florence impacted some of our centres in North Carolina, South Caroline and Virginia. The devastation was felt by so many of our colleagues, clients and their friends and family. Thankfully, our North America teams were read to step in and help recover these facilities while taking care of our customers.

The financial cost of disasters such as this can be difficult to absorb. Since 2000, natural disasters have cost the global economy more than $2.4trn – more than $150m each year. But it’s not just the headline-grabbing incidents that affect businesses. It’s the everyday ones, too.  A burst water pipe in your office may not sound like much of a threat but, if it means your premises are unusable for a month, what’s your back-up plan?

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https://www.regus.com/work-us/traditional-workplace-recovery-strategies-falling-short/