Resiliency Makes Businesses and Countries More Competitive
Identifying “points of intersection” between public and private sector interests in these regions enables a productive dialogue to identify and implement sustainable, longer-term solutions to developmental challenges, crises, and disruptive events. Ideally, Governments and other public organizations provide the services, security, and institutions necessary to the welfare and livelihood of their people. Yet, public resources are often insufficient to fulfill these needs, or to adequately promote a country’s economic growth. Resource-strapped governments must often turn to private sector expertise and resources to deliver key services (like health, education, food) and to provide access to capital to facilitate market development. Rather than patchwork or ad hoc solutions, a longer-term collaboration between public and private sector interests with respect to proactive risk management, resource allocation, and crisis mitigation offers tangible solutions for crisis-affected communities while setting the foundation for longer-term growth.
Roundtables for Resiliency in 2023
During this time of crisis, resiliency becomes even more critical for countries and corporations. In order to explore how the private and public sector can better collaborate, the Empower Capital in partnership with Hybrid Power System Group is organizing quarterly Resiliency, and Green Growth roundtables that will bring together leading global CEOs, Minister(s) of Finance, and risk management practitioners. A key aspect of the discussion is understanding how private firms leverage their often-robust distribution networks, supply lines, sophisticated risk management crisis planning and operational policies to ensure continuity of operations and access to vulnerable population groups (in hard-to-reach places) during crises. The networks and business continuity of the private sector, supported by appropriate incentive structures, could potentially be leveraged by humanitarian and development groups to deliver support that saves lives and builds resilience.
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Comments
Andrea Zanon
1 year ago#3
I find that these people that spend time integrating resiliency considerations into their decision making are more agile and more able to convert crisis into opportunities
Kidada Hawkins
1 year ago#2
Great look at business resiliency!
Andrea Zanon
2 years ago#1
Resiliency is cost effective and you don't have to pay more for it