Survey of Corporate Attitudes Towards Business Continuity Planning (BCP) (2018)
Companies with a BCP remain at 14.7%
— Despite more companies understanding the effect, they are slow in resolving issues for BCP formulation —
Companies are required by concerned interests that their crucial business operation will not be interrupted, or will resume within a short period of time even if it is interrupted when they are damaged by a disaster or an accident, etc. Therefore, preparing disaster prevention and mitigation measures in advance as well as response measures in the event of a disaster and after a disaster has become increasingly important, on the assumption that corporate activities will be impacted through various risks such as a natural disaster, or an information security incident.
Teikoku Databank has conducted a survey on corporate attitudes towards Business Continuity Planning (BCP). This survey was conducted in conjunction with the May 2018 TDB Trends Research, and it is the 3rd survey following those of June 2016 and May 2017.
*Survey period: May 18 – May 31, 2018, Companies Surveyed: 23,157, Valid Responses: 10,001 (Response Rate: 43.2%).
*Details of this survey can be found on the dedicated Economic Trend Survey HP. (http://www.tdb-di.com).
Primary points of survey results(summary)
- 1 With respect to company status in terms of formulating a BCP, companies that “have formulated” a BCP remain at 14.7%. Even combining those that “are currently formulating” and “are considering formulating” amounts to 44.9%, which is less than half of the companies. By industry, "Finance" has the highest percentage of companies that have formulated a BCP, at 39.0%. "Real Estate" has the lowest, at 10.3%.
- 2 Among companies that “have formulated,” “are currently formulating” and “are considering formulating”, highly-ranked risks in which business continuity is assumed to be difficult are "natural disaster (earthquake, storm and flood damage, eruption, etc." (69.1%), “facility failure” (40.7%), “fire and explosion accident” (35.4%), and "information security risk" (35.1%). For matters that have been implemented/considered in preparation for business interruption risks, "establishment of means to confirm employees’ safety" (71.2%), "Information system backup" (62.3%), and "ensuring the safety of the office" (44.5%) are highly ranked.
- 3 With respect to the effect of formulating a BCP, "Operational formalization and standardization are advanced" was ranked the top, at 42.7%, for companies that have formulated a BCP, followed by "Operational priority has become clear" (37.7%), and "Increased business partners’ trust" (28.5%). All items except for “Others” show higher percentages than last year, while companies understanding the effects of formulating a BCP are gradually increasing.
- 4 Reasons for not formulating a BCP were "Do not have the skills and know-how necessary to formulate" with the highest ratio of 44.0%, followed by "Cannot secure human resources to formulate such a plan" (30.6%), and "Stops in document creation and difficult to make a plan practical-to-use" (26.1%).