June 15
12:30pm ET – 4:30pm ET
Join GRF’s Business Resilience Council and Promontory, a business unit of IBM Consulting, for a virtual tabletop exercise on supply chain security and business continuity.
As events in Ukraine have recently demonstrated, regional conflicts can have global impacts that businesses need to be able to navigate. This upcoming exercise will focus on a hypothetical geopolitical conflict in Asia that would create widespread supply chain impacts across many sectors.
The exercise scenario will allow an organization to evaluate its ability to respond to disruptions using real-world injects borrowed from past crises and projected injects from plausible threats to come. The exercise will help organizations enhance resilience, crisis management response, roles, and responsibilities.
There are limited seats available. Contact Chris Denning with questions or requested injects at cdenning@grf.org.
Recommended participants include personnel responsible for security, third party risk, business and operational resilience. The exercise will generate a written after action report and certificate of participation for 4 hours of training.
Geopolitical Conflict in Asia - Testing Resilience Amidst Supply Chain Disruption
*Members of ABA, LS-ISAO, MFG-ISAC, EASE, K12 SIX, ProSIX, and OT-ISAC also receive the BRC Member price.
Exercise Details
Developed cooperatively with regulators and international industry leaders in the financial, technology, financial, communications, manufacturing, legal and health sectors
Sample Triggers:
· The Asian Infrastructure Investment Bank begins to replace IMF and World Bank in SE Asia
· Cross-Border Interbank Payment System becomes an alternative to SWIFT
· New Silk Road initiative continues to expand
· Chinese military exercises increase around Taiwan/US increases naval forces in area
· Pro-independence DPP candidate wins 2024 Taiwan election. Popular support increases for official declaration of Taiwanese independence.
· Blockade of/interference with commercial shipping in South China Sea
· China sends military to Taiwan to prevent the crossing of its One-China policy red line as pro-independence movement gains political and social momentum.
· US proposes sanctions against China for entering Taiwan: pharma, textiles, financial services
Sample Considerations:
· Organization’s physical or financial footprint in China and Taiwan
· Supply chain dependencies in both countries and possible alternative markets
· Organizational elasticity in the event of skyrocketing demand in alternative markets
· Personnel safety and evacuation plans
· Acceptable losses in the event of rapid escalation
· Strategies for footprint reduction, localization, silo of operations
· Lessons learned from Ukraine and Hong Kong
Description of exercise and injects:
· The first section will examine the impacts on businesses as they decouple from established supply chains due to an increasingly hostile business environment. This portion of the exercise will provide the opportunity to study dependencies and prepare for challenging scenarios.
· The second section of the exercise will examine impacts from sanctions, security threats, civil unrest, and naval activity that causes disruptions to commerce and operations.
· The third will examine the business disruptions and security issues following a military invasion of Taiwan, which manufactures 75% of the world’s pharmaceuticals and a significant portion of its textiles and technology.
· The fourth section will focus on adjusting to a new normal following an invasion including sustained economic sanctions, prolonged supply chain disruptions, ongoing security threats, potential loss of intellectual property, and heightened military posture throughout the region.
· Finally, the group will conclude with an after-action review