Be Ready Next Time: Business Continuity Lessons From Sandy
Sandy was a storm of record proportions. John Miksad, Con Edison senior vice president for electric operations, said it was the largest storm-related outage in their history and resulted in more than 7.5 million businesses and households without power in 15 states and the District of Columbia.
Moody's Analytics put the economic impact in the $50 billion range. There are tons of stories of devastating losses and powerful testimonials of resolve from survivors and victims of the storm.
Perhaps the biggest lessons (and hardest) to be learned is understanding what your recovery strategy/strategies are and enacting them sooner rather than later. Too many organizations waited too long to act and found themselves in a precarious position of standing shoulder to shoulder with thousands of other organizations that wanted the exact same thing they did.
There were many factors at play here: some organizations didn’t understand their backup strategies or how to execute them, some wanted to defer spending any money towards recovery until after they were confirmed down and others simply were hoping to be lucky.