What is a Business Resilience Plan for Shipping Companies?
A business resilience plan is a plan outlining steps for shipping companies to take in order to mitigate risks and ensure the continuity of their operations. It aims to protect against disruptions or emergencies, focusing on risk management and business continuity. A good plan should identify the focus areas, objectives, and measures that need to be taken in order to maintain the company’s operations. The plan should also include projects and actions that need to be taken to achieve the measurable targets and objectives.
What's included in this Business Resilience Plan for Shipping Companies template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Business Resilience Plan for Shipping Companies template for?
This template is designed for shipping companies, logistics providers, and freight forwarders who want to develop their business resilience plans. The template provides a clear framework for companies to identify and prioritize their focus areas, objectives, and measurable targets (KPIs) to reduce risk and maintain operations during disruptions or emergencies.
1. Define clear examples of your focus areas
Focus areas are the overarching topics or themes that your business resilience plan will address. Examples of focus areas for a shipping company could include Risk Mitigation, Technology Investment, and Staff Training. Under each focus area, you can then set objectives and measures that you want to achieve.
2. Think about the objectives that could fall under that focus area
Objectives are the goals that you want to achieve under each focus area. For example, objectives under the Risk Mitigation focus area could include minimizing risks to shipments and improving on-time delivery performance.
3. Set measurable targets (KPIs) to tackle the objective
Measurable targets, or KPIs, are the quantitative metrics that you can track to measure progress towards the objectives. KPIs should be specific and measurable, such as reducing the number of shipment losses or increasing accuracy in tracking data.
4. Implement related projects to achieve the KPIs
Projects, or actions, are the steps that you will take to achieve the measurable targets. For example, to reduce the number of shipment losses, you could develop a risk mitigation plan. To increase accuracy in tracking data, you could invest in tracking software.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade is a platform that helps companies execute their strategies faster and more effectively. It offers a range of features, such as strategy maps, dashboards and reports, and project management, to ensure that your business resilience plan is successful.