In today’s post-pandemic economic environment, business continuity planning is becoming increasingly important for companies that want to win and retain top revenue-generating client-vendor relationships. Companies are recognizing the value (and need) of having a strong BCP in place to minimize the impact of unexpected disruptions and ensure that they can continue to operate seamlessly, even in challenging situations.

[1 in 2 businesses have experienced an extended break in continuity*]

Top revenue-generating client-vendor relationships are typically critical to a business’s success, and disruptions to these relationships can have significant financial and reputational consequences. Therefore, companies that can demonstrate a strong commitment to business continuity and show that they have a robust BCP in place are more likely to win and retain these relationships.

[75% of companies have suffered supply chain disruption**]

Moreover, having a strong BCP in place can also help businesses differentiate themselves from competitors and position themselves as reliable partners that can be trusted to deliver uninterrupted service. As a result, more and more businesses are investing in BCP and making it a key part of their overall risk management strategy.

[51% of companies don’t have a robust, living, or active business continuity plan***]

Therefore, while it may not be legally mandatory for businesses to have a BCP in place for their relationships, it is considered a best practice that can benefit both parties and help to ensure long-term success.

*DataCore

**Supply and Demand Chain Executive and Interos

*** Mercer via Economic Times