Crises show what an organization is all about.
The ability of an organization to meet the crisis, make key decisions in a timely manner, activate crisis plans, and recover on the other end is everything, because one company's crisis is another company's opportunity for gain.
There are many external risks that may produce a crisis for an organization: natural disasters, extreme weather events, political upheaval, pandemics and epidemics, to name a few.
Coming out of the COVID-19 pandemic, the largest crises the world now faces are of a geopolitical nature. This is as much true in Asia as in any other region in the world. The geopolitical risks threatening to disrupt the region range from extremely damaging to cataclysmic.
Geopolitical crises can impact personnel safety, operations integrity, business continuity, supply continuity, and customer preferences/attitudes. An operating environment that is perceived to be unsafe or rapidly shifting, leads to most market actors taking different measures to protect themselves. This can leave brands unable to conduct business as usual. Worse, an environment at the risk of imminent conflict may leave companies unable to operate at all.
The geopolitical risks most easily identifiable in Asia include: a conflict related to North Korea, a conflict in the South China Sea, a conflict related to Taiwan, or an India-China conflict. Rising tensions prior to the outbreak of any conflict, can become a crisis in and of themselves.
Rising US-China tensions backstop almost all of the immediate geopolitical risks in Asia, causing knock-on effects to South Korea, Japan, and the rest of Asia. Any of the above mentioned possible conflicts would be devastating to the countries involved, the region, and the whole world.
Erudite can help you build a crisis management plan specific to your organizational needs. Over the last 15 years, we have built North Korea conflict-related crisis management plans for more companies than anyone else.
Our crisis management engagements may include planning, training, and testing to leave you confident and able to fully execute any plan you build.
