What Are the Optimal Risk Management Strategy for Each Risk Exposure of Epidemics Like COVID-19?
The infamous 1918 influenza pandemic killed an estimated 20 million to 100 million persons globally, with few countries spared (Johnson and Mueller 2002). Its severity reflects in part the limited health technologies of the period, when no antibiotics, antivirals, or vaccines were available to reduce transmission or mortality (Murray and others 2006). During the 1918 pandemic, populations experienced significantly higher mortality rates in LMICs than in HICs, likely as a result of higher levels of malnutrition and comorbid conditions, insufficient access to supportive medical care, and higher rates of disease transmission (Brundage and Shanks 2008; Murray and others 2006). The mortality disparity between HICs and LMICs likely would be even greater today for a similarly severe event, because LMICs have disproportionately lower medical capacity, less access to modern medical interventions, and higher interconnectivity between population centers.
The COVID-19 crisis highlight show organizations must update and expand their crisis management and business continuity plans with an emphasis on employees, customers,supply chain contacts, stakeholders and business assets
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