With more floods, call for better business continuity umbrellas

Singapore

AS climate change causes more flash floods in Singapore, companies need to come up with better business continuity plans so they can, among other things, continue operating offsite and protect their assets.

In addition, experts say businesses should also look into measures to prevent floods.

Business Continuity Management Institute president Goh Moh Heng said that as Singapore's landscape becomes more built up and the country faces more intense weather conditions, companies should ready themselves for more flood events.

"Company operations located in flooded areas could be severely impacted as access to these areas would be cut off from employees, suppliers and customers," he said.

Louis Gritzo, vice-president of research at FM Global, one of the world's largest commercial property insurers, said flash floods are "the single biggest threat" to Singapore businesses from climate cha…