With great uncertainty comes great reward. If you’ve planned for the unknown, when something unexpected happens you’ll be that much more prepared. For those companies who had a strong risk management plan in place at the start of this year, they are likely feeling much calmer about the current state of affairs. If you’ve done the work, all that risk mitigation work is making sense—though this may not be a comfort during these challenging times. After all, when your disaster preparedness work pays off, you’re still dealing with a disaster.
Risk is present in the stock market and even in the supermarket in times of a pandemic. As we navigate the risks of a virus, people around the world are asking themselves how likely they are to be infected in certain situations. What can they do to keep themselves and their loved ones safe and avoid catching it? More than ever before, risk is a consideration before you leave your home. Now you may consider the risks of going to the grocery store. Likely this was not something you thought about before.