Business continuity planning is is the approach to make sure that the business continues to operate the event of, unforeseen events. And so from a planning perspective, it’s really planning for, say, a hurricane or a disruption of some sort, a plug a a a port gets closed up, or, there’s a a climate change event somewhere else. And how do you set up your your value chain? And then how do you react to that?
Once it happens. And so river logic helps with that because we can help a firm simulate their appearance, their occurrence of those events, and what the impact is if that event occurs on their start to school. How do you best react to that? And then look at ways that the firm could set up structural changes in their value chain so that if the event happened to occur, the way they reacted would be better in terms of achieving the right outcomes.
So for example, firms have in more than one place where they can manufacture the same product.
Or having extra inventory buffers or having more than one supplier, and where are those suppliers?
