NFU Mutual

Retail

Over the past few years, the UK retail sector has been going through big changes: with property prices and rents rising, the increase in online shopping, followed by the unforeseen pandemic, we’ve seen the traditional high street retail sector as we know it, shifting more to online.

Nobody expected the pandemic to cause such long-term disruption. Many retailers were forced to modify their business models quickly to in order to survive. Even now, as restrictions start to lift, the changes to the retail environment are likely to stay with consumer buying trends turning more and more to online channels.

Were you prepared for the major disruption caused by the pandemic? Do your plans consider the change in consumer buying habits?

Surviving lockdown is one thing but whatever your situation, there is always the potential for new risks to emerge that could cause more disruption and damage to your business.

We know recovering from disruption or an incident can be challenging, but if the pandemic has shown us anything it’s the need for strong business resilience and having a business continuity plan in place, that will help you to identify potential risks and highlight measures that could help to limit any impact to your business.

So, to help support our retail customers, we’ve partnered with business continuity experts Inoni, to produce a range of tools to help make sure you’re prepared should the worst happen. In our toolkit below you’ll be able to:

  • Assess your current resilience using our simple business resilience health check
  • Identify possible areas you need to address
  • Access free downloadable templates to help you create a working business continuity plan
  • Read our latest news articles which highlight some of the main risks you need to consider when assessing your businesses resilience.

Business Continuity Template for Retail [Docx: 145KB]

Other Business Continuity Templates