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.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast