Geopolitical conflicts – How can companies protect themselves in uncertain times?

The current very difficult geopolitical situation has shown that such events can affect any company. Acute crises in the form of cyber attacks, power outages, fires or the effects of armed attacks have become much more likely. The question arises as to how companies can prepare for geopolitical conflicts and thus remain capable of acting. 

The Hamburg Chamber of Commerce, in cooperation with the Federal Office for Civil Protection and Disaster Assistance (BBK), has made a support offer available to companies, which can be accessed via this link. 

The crisis prevention plan helps companies in the following ways:

• Identification of risks within the company;
• Securing critical processes;
• Establishing clear responsibilities;
• Preparing emergency communication in the event of a crisis;
• Recommendations for action on how to overcome disruptions or failures.

The Hamburg Chamber of Commerce's contingency plan increases resilience within a company and is a useful aid, especially for small and medium-sized enterprises. However, it is not enough to simply draw up plans and file them away. Responding to such crises must be practised. It is also advisable to coordinate with other stakeholders, such as civil defence, fire brigades, utilities and politicians, at an early stage.