Good morning, welcome to our Horizon Scanning newsletter and Happy New Year!
The return to work this January comes with unprecedented levels of industrial action. In today’s bulletin, we look at the contingencies that companies can put in place in 2023 so that strikes do not erode business resilience. Our Monday Toolbox delves deeper into the question of how you do this.
Thanks for reading and stay safe.
Was your business affected by the industrial action over Christmas and the New Year? With transport and postal sectors on strike, along with several others, Reuters report that one in eight UK firms have been adversely affected. The chart below, taken from ONS data underpinning their piece, reveals that hospitality and wholesale industries have been at the sharp end. (This article goes into more detail on why).
Number one question for your business:
What impact has the strike action had on your business?
Thought for the week:
“With strikes becoming more common, businesses need to prepare for the impact these events might have. Relying on one travel route or postal services is not currently a safe bet. Businesses must have contingencies across all areas of the organisation.”