May 2022
Survey of Corporate Attitudes towards Business Continuity Plan (BCP) (2022)
The BCP formulation rate at 17.7%, lack of skills and know-how is an issue.
— Assumed risks of cyberattack and logistics network disruption rapidly increased —
Introduction
Business Continuity Plan (BCP) refers to ‘a plan to arrange activities that should be done in normal times, and emergency practices and procedures for business continuity, to enable continuity or early recovery of core business while minimizing damage to business assets, when a company encounters an emergency situation such as a natural disaster or terrorist attack’.1
Corporate business continuity risks increase year by year, such as by the spread of COVID-19 infection, supply chain disruption, the Russian invasion of Ukraine since 2022, and the recent impact of Meiji irrigation water leakage in Aichi prefecture. Companies should prepare a BCP during normal times to prepare for such emergency situations.
Teikoku Databank has conducted a survey on corporate attitudes towards a Business Continuity Plan (BCP). This survey was conducted in conjunction with the May 2022 TDB Trends Research.
*Survey period: May 18 – May 31, 2022, Companies Surveyed: 25,141, Valid Responses: 11,605 (Response Rate: 46.2%). The survey for Business Continuity Plan (BCP) has been conducted every year since 2016, and this is the 7th survey.
*Details of this survey can be found on the dedicated Economic Trend Survey HP (http://www.tdb-di.com).
1 https://www.chusho.meti.go.jp/bcp/contents/level_c/bcpgl_01_1.html
Primary points of survey results(summary)
- 1 Companies that 'have formulated' a Business Continuity Plan (BCP) stood at 17.7% (y-o-y increase of 0.1 point), remaining almost flat from the previous year. By company size, the rate is on the rise in large enterprises at 33.7% (y-o-y increase of 1.7 points), while the rate in SMEs stood at 14.7% (flat, y-o-y).
- 2 With respect to the risks through which business continuity is assumed to be difficult, ‘natural disasters’ ranked top at 71.0% for those companies that ‘intend to formulate’ such a plan. While the percentage for ‘Infectious diseases’ such as COVID-19 (53.5%) significantly decreased from the previous year, the percentages for items such as ‘Information security risks’ (39.6%), ‘logistics disruption’ (30.4%), and ‘war and terrorism’ (19.0%) substantially increased.
- 3 Companies that 'have not formulated' a BCP stood at 42.1% (y-o-y decrease of 0.4 points). Reasons for ‘not formulating’ a BCP include ‘do not have the skills and know-how necessary to formulate’ (42.7%), and ‘cannot secure personnel resources to establish a BCP’ (31.1%) which ranked high.