PracticeConsultingAttacks reopen location debate

Attacks reopen location debate

Risk experts have been debating the dangers of concentrating businesses together in small areas in the wake of last week's terrorist attacks on the United States.

The attacks on the World Trade Centre were so effective because hundreds of well-known companies were based in the twin towers, resulting in huge costs both in human and economic terms. A total of 435 businesses were based in the two buildings.

According to business recovery planner global-continuity.com, debate is now focusing on the future structure of New York’s financial district. Today’s communication technologies mean that businesses do not necessarily need to rely on the geograph-ical proximity of past eras.

Experts have also warned all organisations, large and small, that they should have an up-to-date disaster recovery plan that is regularly tested.

Malcolm McCaig, partner in assurance and advisory at Deloitte & Touche, said: ‘Every organisation should have a plan they can follow. It could happen to any of us at any time. This is a call to action. Don?t expect insurance to be the answer,’ he urged.

Links

Companies urged to test disaster plans

Air travel in transition in turbulent new world

Five PwC staff among terrorists’ victims

World Trade Centre fund launched

UK consultants in New York horror

Deloittes hit by New York attack

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