iJET Outlines Risk Landscape for 2010

Intelligence Firm Issues Recommendations for Protecting Employees, Facilities and Supply Chains

Jan 12, 2010, 08:49 ET from iJET Intelligent Risk Systems

ANNAPOLIS, Md., Jan. 12 /PRNewswire/ -- iJET Intelligent Risk Systems, a leading provider of global intelligence and business resiliency services, today outlined the major risks and trends that it anticipates will most significantly affect risk management and business resiliency planning in 2010. iJET also outlined key steps organizations can take to mitigate these increased disruptions.

iJET's world-class intelligence analysts predict that many of the key issues that defined 2009 will remain in place through 2010, including piracy and shipping threats in the Gulf of Aden, drug violence in Mexico and the continued spread of the H1N1 virus. However, it's the global economic slowdown that will continue to present the greatest challenge to resuming normal business operations at home and abroad. Economic pressures will continue to generate labor strikes, civil unrest and various forms of political extremism around the globe.  

iJET also expects the emergence of risks unique to 2010. Hotly contested elections in Iraq, as well as several in Central and South America, Asia and elsewhere will likely instigate increased instability in those regions. In addition, the recent attempted terrorist attack on a Detroit-bound flight has refocused attention on Yemen and how long-standing instability in the Middle East can lead to wider disruptions in the region and beyond.

Two major sporting events – the Winter Olympics in Vancouver, Canada and the World Cup in South Africa – will be the focus of major security efforts in 2010. In anticipation of these events, respective host nations are making significant investments in infrastructure and are implementing extensive security measures at key transportation hubs and tourist locations.

Other, unforeseeable events, including natural disasters and terrorist incidents, will continue to remain a threat to business operations. Additionally, according to iJET's CEO, Steve Hoffman, "The economic climate of the past few years has increased organizations' appetites for risk as businesses pursue new opportunities in places they wouldn't have considered entering before the economic crisis hit.

"Managing risks and preparing for the inevitable disruptions that will come from operating in unstable areas is a reality for global organizations today. The only way to continue to grow and thrive in an increasingly risky business climate is to take actionable steps to mitigate risk."

In light of the ongoing and increased risks to travelers, facilities and other business interests, iJET recommends that organizations take the following actions:

  • Take proactive measures. Realize that disruptions will continue and are likely to increase in many areas of operation in 2010. Conduct security and threat assessments for areas identified for travel, operations or expansion where threats are forecast to increase.
  • Monitor ongoing trends. Ensure your organization is equipped with the intelligence and technology required to track conditions as they change and develop in locations where you operate. Use a source that incorporates predictive intelligence, which can help identify shifting patterns and areas of potential disruption before events happen.
  • Track threats to key assets. Identify key operational sites, suppliers and areas of business engagements – current or planned – and continually monitor threats in those regions. Use emerging technology to relate disruptions and threats as they develop, ensure document control and enable smooth crisis response with immediate access to critical information.
  • Centralize access to data, emergency communications, emergency plans and key documents. Ensure all levels of the organization have appropriate access to reliable, accurate and actionable threat intelligence, information on travelers and expatriates, facility plans and documentation and other critical information. Provide 24x7 emergency response for employees and ensure actionable response plans are in place and enacted.
  • Build a resilient approach to evacuation and response. Resilient organizations have a well-developed, measured response to disasters, disruptions and threats. Build relationships with providers that take a comprehensive, balanced approach to disruptions, security threats and health crisis, backed by relevant intelligence and rational decision making that is not financially tied to the outcome.

About iJET Intelligent Risk Systems

iJET Intelligent Risk Systems (iJET) is an intelligence-driven provider of business resiliency and risk management solutions to nearly 500 multinational corporations and governments – helping them survive and thrive amidst global threats to their people, facilities and supply chain assets.

iJET's services, team of world-class intelligence analysts and patented Worldcue® Global Control Center technology solutions equip decision-makers and organizations with real-time information to anticipate, respond to and emerge from business disruptions with a competitive edge. iJET's Worldcue solutions provide decision makers with timely, actionable intelligence on potential disruptions and emerging threats to employees, operating assets and suppliers.

For more information, please visit: www.ijet.com/resilient.

iJET, Travel Intelligence and Worldcue are registered trademarks of iJET Intelligent Risk Systems, Inc.  All rights reserved.


SOURCE iJET Intelligent Risk Systems