Risk Management, Enhanced Communication Needed in Post-Pandemic Environment
Companies must proactively incorporate redundancy, safety, and communication into their operations.
Q2 2020
Cost-driven decisions have stranded and left companies vulnerable due to a lack of redundancy in manufacturing. Going forward, adapting a strategy that has supply chain alternatives and enhanced protocol for these facilities will be paramount for implementation. Creating a safe environment that allows employees access to counseling, as well as defined protocols for physical distancing and increased protective measures, will be the new norm.
Implementing a risk-management strategy that can react to COVID-19 type pandemics in real time will be essential. Companies need to manage risks from external sources that can affect the overall environment rapidly. Focusing on internal risks will not be sufficient for a supply chain to remain functional during another pandemic.
Implementing a risk-management strategy that can react to COVID-19 type pandemics in real time will be essential. Enhanced communication will be key in sharing information between employees and the company. The frequency will need to increase and there will be a need for a system to track employee concerns daily. The new norm will be a sincere attempt at two-way communication that will lead to a safer and more productive workplace ongoing. The rapid response will be delivered as a natural flow of information rather than a panicked reaction to a crisis only.
Corporations will need to implement and involve employees in order to build confidence back into the workplace from this pandemic. Building an infrastructure that incorporates redundancy, safety, and communication from the C-suite to the front-line employee will reduce risk and enhance productivity. While these are certainly trying times, they’re also a time for adapting and integrating the next chapter post-pandemic.
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Jeffrey Garza Walker, Senior Vice President, Cresa
As senior vice president, Jeffrey Garza Walker focuses on expanding Cresa’s capabilities in global portfolio services through key industrial clients with requirements in Latin America. Additionally, he assists companies in Latin America seeking to place operations within North America. His background as a senior director of Corporate Real Estate in North/Latin America with a top-tier 4PL logistics company provides a capable skill set and 15 years of experience in commercial real estate brokerage/development. Jeffrey currently serves on the ASU MRED Real Estate Council, the ASU W.P. Carey Business School Mentor Program, the ZoomInfo Customer Advisory Board, and as the MBEIC Vice Chair, for the Pacific Southwest Minority Development Council. He received his bachelor’s degree in Spanish from Montana State University, a master’s in Real Estate Development from Arizona State University, and an MBA in Global Management from the University of Phoenix.
