6 April 2020
Good risk management should be designed to deal with any crisis
Asset management, as our four roundtable participants would attest, is a fine art. The whole process, with its many layers of teamwork and coordination, requires significant experience and expertise, with plenty of risk mitigation along the way.
And then there are curveballs. The spread of the coronavirus is a stark example of the type of unforeseen risk that infrastructure asset management teams must be ready to tackle. Transport assets such as ports and airports are particularly vulnerable to international lockdown. Any project in construction or requiring spare parts from Asian supply chains must also be quick to adapt.
Although a potential global virus epidemic may not be specifically mentioned in asset managers’ business plans, preparing for such risks is still second nature to our roundtable quartet.