MSMEs urged to craft BCP to prepare for business disruptions
Micro, small and medium enterprises (MSMEs) must develop a business continuity plan outlining strategies and systems that would help businesses deal with the unexpected disruption and recover from its negative impact.
The need to develop BCP has become more evident at this time due to the global COVID-19 pandemic where companies have been forced to shut down and their recovery is now a major concern. Some businesses particularly the micro and small are threatened to permanently stop operations.
Oliver Cam, PCCI Tacloban vice president for external affairs, explained the importance of having a BCP in place so that companies are prepared and can recover from potential threats.
“There should be a plan (A/B). We can start with a simple checklist needed for the business to continue operations,” Cam said adding that the plan should focus on people; policy and resources. It should also be revised and updated.
He shared his experience in Yolanda wherein having a BCP enabled his pension house business to operate even before and during the storm surge, while others were not.
“A business continuity plan is a good start for any SME to prepare them for any disruption. We really need to think of ways to move forward,” Cam said. While others were caught unprepared by the COVID-19 pandemic, Cam said his company had activated its BCP as early as October through the purchase of face masks and UV disinfection/sterilization lamps to protect its people and upgraded cleaning standards to adapt to the new normal.
Jerry Clavesillas, director of the Bureau of Small, Medium Enterprise Development, said that business continuity management is not just confined to MSMEs, rather it has become a cross-sectoral initiative.
He said that Congress is now exerting effort on this measure and has proposed an economic stimulus package for business recovery.
“A comprehensive business continuity plan is really important. It should be revisited and updated,” Clavesillas said noting that business should be ready for the next one.
Local production of PPEs
The COVID-19 global pandemic has impacted heavily the tourism industry. It has forced large hotels to close. Cam proposed that these facilities be converted into the manufacturing of PPEs as a way forward in this pandemic.
He called on the Department of Trade and Industry (DTI) to initiate the organization and meeting of resorts owners to discuss this proposal.
“If DTI can facilitate the organization of resorts owners, we can convert our facilities into producing PPEs,” he said. He added that every region must have a manufacturing hub for PPEs so it would not be difficult to transport since the logistics value chain is also disruptive in the time of a global pandemic.