Some large firms are preparing contingency plans based on back up and substitutions. Interestingly, there is a disconnect between readiness confidence levels and the reality of waiting for mission critical software from suppliers. I don't think companies are taking the danger of supplier failure seriously enough. My concern is how the supply chain, which is heavily interconnected, will be affected by incomplete or no delivery of mission-critical software and Y2K compliance. They are relying heavily on trust.
Companies are more rigorous when it comes to executing routine legal contracts.
However, more than half feel that lawsuits against their organization are unlikely. The final phase of the survey probes Y2K experts' personal perspectives on the computer technology problem. In addition, the survey asked about the likely personal and economic impacts of Y2K on the respondents. Generally, the group expected minor disruptions for a few days or a couple of weeks, without much influence on their stock investments. The first Y2K Experts Poll reached men and women on the frontlines of Y2K remediation, testing, auditing and contingency planning.