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10 August 2011 | Adam Leach
A growing number of businesses anticipate
disruption as a result of the London Olympics next year.
As the start of the games draws closer,
concern about the impact on business operations is intensifying, with the
number expecting problems increasing by 37 per cent, according to Deloitte.
The State of Play: Ready or Not, published by Deloitte on Monday, found that just three per cent expected
no disruption as a result of the world’s biggest sporting event coming to
London. This is compared with the 40 per cent that said they expected no
disruption when the first survey was conducted last
In particular, 18 per cent of respondents
expect problems within their supply chain, compared with just eight per cent in
the previous report.
Heather Hancock, lead partner for London 2012
at Deloitte, said: “In the autumn of 2010, an alarming picture emerged about UK
businesses – two thirds of those we spoke to said they expected no impact on
business as usual.”
Outlining the shift over the past eight
months, she said: “They [businesses] are beginning to understand that to
capitalise on any business boost from the games and minimise disruption to
their company, they need to prepare and be ready.”
The report found 42 per cent have already
formulated a plan to deal with the opportunities and challenges the games will
bring, up from just 15 per cent in the autumn. A further 56 per cent are
planning to carry out an assessment before the games, while five per cent feel
there is no need to do so.
More than a third of companies will also
review their risk management policies in preparation for London 2012. The
report says: “We would also recommend engaging with suppliers to shore up
supply chains and create alternative and contingency plans where required.”
Deloitte used a sample size of 50 to conduct