One of the most challenging aspects of contingency planning is that you can not plan for what you are not aware of. More than ever before, Y2K issues will include the unanticipated and therefore contingency planning is even more difficult. Twenty-seven percent believe lawsuits against their organizations are likely. Almost half of respondents in both Y2K Experts Polls rate the Y2K problem as being most like a natural disaster lasting a few days. The average number of day s worth of cash and food remains consistent with the last survey.
Respondents plan to put aside nine days worth of food, and ten days worth of cash.
Twenty-three percent are from the financial industry, followed by manufacturing, government, and healthcare. Unfortunately, I can't do that. Experiencing business without these basic services will enable the organization to evaluate the impact, adjust operations and create contingency plans for various emergencies. Prepare for a drop in profitability as the cost of completing Y2K compliance projects will diminish the company s bottom line. Where possible, keep all receivables current.