Measuring the Business Value of Resilience

Originally aired July 28, 2022

The immediate costs of catastrophic events focus on property damage — but business interruption losses can be tenfold greater. Research led by Noah Dormady at The Ohio State University found that for every dollar invested in resilience, firms avoided an average of $4.57 in business interruption losses. Drawing on surveys of firms affected by Superstorm Sandy and Hurricane Harvey, this session presents new metrics and the tactics that had the greatest resilience impact.

Speakers

Noah Dormady

Associate Professor of Public Policy, The Ohio State University

Noah Dormady is an energy and environmental economist and public policy scholar at The Ohio State University. His research develops new metrics for measuring the business value of resilience investments, with landmark studies examining how firms affected by Superstorm Sandy and Hurricane Harvey recovered through targeted resilience strategies.

Joseph Fiksel (Moderator)

Executive Fellow, Ohio State University; Instructor, GWU Enterprise Resilience Certificate

Joseph Fiksel is one of the original architects of the enterprise sustainability and resilience field. He has consulted for corporations, government agencies, and non-profit consortia worldwide and serves as the instructor for GWU’s Enterprise Resilience online certificate course.