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Suppliers train in Business Continuity Planning

Integrating third party suppliers into the Aboitiz Risk Management is important in building a risk culture that encourages participation and engagement at all levels of the organization. Last October 14, 32 suppliers of AEV, APRI, SNAP, Pilmico, Coal Group, Hedcor Group, VECO and Davao Light gathered at the Conference Room, 8/F, NAC Tower to learn about the BCP framework, recovery time, pre-disaster protection and mitigation, emergency response and business continuity strategies for early business resumption.

According to a 2012 study on SMEs in the Asia Pacific, only 13% of SMEs have a business continuity plan, stating further that “the main obstacle was due to lack of company BCP knowledge and expertise” and “lack of information needed for BCP development”. The training was an initiative of Risk Management Team in coordination with the UP Institute of Small Scale Industries (UP-ISSI), the Earthquake and Megacities Initiative (EMI), and the Philippine Disaster Recovery Foundation (PDRF) under the auspices of its PrepLab learning series program.

The training is based on the BCP standard of the Asia-Pacific Economic Conference (APEC). The participants will present their BCP to Aboitiz in 2016.