Weather hits utilities

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See class and model on asset strategy and a paper and model on risk/resilience, for my colleague and utility expert Bob Thurlby. More …

Recent bad UK weather has caused another round of severe damage and disconnections for households and businesses. For suppliers, increasingly frequent and serious events pose major challenges. These concern not just how to respond when events occur, but also how to set a mid- to long-term strategy for most reliable service, most resilient to ...

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Make your strategy resilient

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How to Prepare for a Black Swan in strategy+business offers good advice to assess exposure to disruptive events, but misses key elements a strategy can and should cover.

In summary, the advice is [1] map the firm’s operations, supply-chain and sales channels [2] list potential disruptions [3] ask ‘what if’ these happen [4] set up contingency plans. Work on risk in utilities shows several additional strategy responses are both possible and desirable.

  1. Reduce the risk that an event will actually cause ...
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