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Volume 32, Issue 3

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Tuesday, 06 January 2009 13:24

From The Perspective Of Ed Devlin: Economy Can Lead to Crisis Issues

Written by  ED DEVLIN, CBCP

At the time this column was written, the economy is a disaster. The government is faced with critical issues. The financial industry is in shambles. The U.S. automobile industry is having trouble selling cars and trucks, even with gasoline priced below $2 per gallon. The retail industry is having trouble meeting its profit objectives. The country as a whole is in trouble. The decisions of the new president’s administration will hopefully reduce the problems and the overall gloom in the country.What does this economy have to do with business continuity planning?Prior to the holidays, the experts were predicting the worst retail sales in decades. They were predicting that if stores didn’t do well between “Black Friday” and the “After Christmas” sales, there will be numerous layoffs, store closings, and even companies declaring bankruptcy. Since this column is being written just before the holiday season, I won’t know if the sales