In today's fast-paced and unpredictable market, resilience is crucial for several reasons:
Survival: Businesses that are resilient are more likely to survive disruptions such as economic downturns, natural disasters, and cyber-attacks. Competitive Advantage: Companies that can quickly adapt to changes can outperform competitors who are slower to respond. Reputation Management: Resilient businesses are better able to maintain customer trust and loyalty during crises. Financial Stability: By preparing for potential disruptions, businesses can mitigate financial losses and maintain cash flow.