July 23, 2007—A recent article by Kathie Sutin in the St. Louis Post-Dispatch, “All companies need a disaster recovery plan,” argues that a prolonged power outage can be lethal to companies, but that they can follow certain steps to develop an effective, appropriate emergency preparedness plan.
According to the article, The National Archives and Records Administration says that “93 percent of companies that lose access to their data for 10 days or more file for bankruptcy within one year.”
The article contains tips from Elizabeth Niedringhaus, president of SSE Inc., and gives the example of THF Realty, Inc., a St. Louis-based real estate development and management firm with 85 employees, which developed a contingency plan and implemented it successfully during power outages in 2006.
