After Tianjin are we now better prepared?

Aside from the terrible human tragedy, the economic impact of last year’s Tianjin port explosion was massive. Chinese media are reporting costs could be as high as $8 billion, with today’s global supply chains making it difficult to calculate the full amount.

However, FM Global’s Vice President, Operations Manager Philip Johnson suggests that by following three simple steps, organisations should be able to identify and mitigate risks from man-made and natural disasters. In doing so, they can build resilience into their systems, reduce the impact of any future disruption and ensure faster recovery.