BEYOND THE LOCKDOWN – Key Risks and Mitigation Measures

When the COVID-19 pandemic struck, businesses across the globe were caught unprepared for the scale and scope of the crisis. In India, apart from essential services like power, gas, water supply, some elements of broadcasting, public administration, banking, and defence – all business sectors are facing a near-total shutdown at present. The estimated loss to the Indian economy has been subjected to multiple revisions, and currently stands at USD 234.4 billion with a 1.9 percent forecasted growth in FY20-21 according to the International Monetary Fund (IMF).

Even a best-case scenario is likely to be accompanied by spill-over effects. Businesses must be prepared this time around to account for factors that will continue to affect operations beyond the lockdown, whenever that takes place. With no one-size-fits-all solution at hand, business continuity managers must assess factors that are likely to prevail beyond the lockdown and engineer a response taking into consideration their organization’s specific operational requirements, objectives and capabilities.

MitKat’s Report elaborates on the various types of risks that will have to be taken into consideration keeping in mind the current and post-lock down scenario’s along with the risk mitigation measures. This report also shares an Industry Impact Assessment outlining the impact of COVID-19 across various business sectors across India.

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