Business contingency and continuity plan by maritime firms in Singapore - part A: port sector

Abstract

For companies and industries to continue operating through different crises, business contingency and continuity plans (BCCPs) must be developed together with daily business operations. Especially after the emergence of the COVID-19 pandemic and its impact of disruption on global supply chains, it forces companies to review and focus on their BCCPs. However, there is a lack of studies and observations done on how the different sectors in the maritime industry implement their BCCP and the challenges faced during execution. Regarding the port sector, their BCCPs should also take into consideration current developments and future trends to ensure relevancy and adaptability. This paper evaluates the BCCPs of port companies in Singapore and addresses the existing challenges faced during implementation as well as during the pandemic. Moreover, this paper dives into case studies of how port companies displayed business resilience in the event of crises. Finally, this paper proposes recommendations to tackle the challenges faced by port companies in view of the pandemic and its impact on global supply chains to ensure the continuous development of their BCCPs.