The Texas Blackout - A Disaster Foretold

Those in charge of Texas’s deregulated power sector were warned again and again that the electric grid was vulnerable.

More than 4.5 million customers in Texas were without power during the peak of outages in the state, as freezing temperatures hit parts of the country.

In November, when the officials who run Texas’s main electric grid took stock of whether the system could handle the coming winter, they felt confident. There would, even under “extreme conditions,” be plenty of power. But last week, an arctic blast mocked their assessment, freezing in about 40 percent of the grid’s power-generation capacity and throwing much of the state into the cold and dark. How could the state’s energy managers have gotten things so wrong?

Find out HERE - The Texas Blackout Is the Story of a Disaster Foretold - Texas Monthly

Business Continuity and the Pandemic

Now and again a "perfect storm" comes along. The COVID-19 pandemic is one of those. Generally "Business Continuity" focuses on localized events - a cyclone, a terrorist attack; but not usually on an event that affects everything, all over the world - at the same time!

COVID-19 has done just that - from shutting down international travel, stopping manufacturing, closing stores, malls, offices, schools, and more.

So just how are firms coping with events?

Read "Lessons from the front line -  How managers have coped with the pandemic" from The Economist. Click HERE.

What are the implications of Coronavirus for business? Update 25 June

The coronavirus outbreak is first and foremost a human tragedy, affecting hundreds of thousands of people. It is also having a growing impact on the global economy. McKinsey has published an extensive article that is intended to provide business leaders with a perspective on the evolving situation and implications for their companies.

Read the full McKinsey article HERE. 

Risk Management and the Coronavirus

Vicky Yu a compliance professional currently in China, has seen the effects of the coronavirus firsthand. She offers lessons learned, hopefully, to protect those organizations that may yet get an up-close-and-personal view into the outbreak.

Since the coronavirus outbreak in China in late December 2019, many Chinese companies or multinational companies that have offices in China are facing stress from government regulations and their own employees. Vicky Yu offers some insight into how risk and compliance professionals can build a stronger system.

Read what she says at Corporate Compliance Insights HERE.

Online Training Courses

Both of CITADEL ADVANTAGE’s Principle Associates are Illumeo Certified Instructors.

Check out all our Online Training Courses HERE

 
 
CPE accreditation.



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