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Business Continuity Planning and Business Recovery Objectives:
Our strategy is to ensure continuity of supply to our customers and minimize the financial impact to Molex and our customers through the use of a Business Continuity Management System (BCMS). A BCMS promotes a holistic, systematic, process-driven approach to reduce recovery time through the integration of various foundational building blocks (e.g., customers, products, suppliers, tooling, and assets) within a formalized Business Continuity framework. Better business continuity planning will be accomplished by identifying critical business operations and developing strategies to resume these operations. A formal risk assessment and business impact analysis will be leveraged to identify and prioritize risks and impacts to the business, as well as to develop specific business resumption plans.
Email bcp@molex.com for additional information regarding Molex’s Business Continuity Planning.
Value Creation
Increase business continuity planning to improve the preparedness for business disruptions and to decrease the time needed to recover business operations. Demonstrated supply chain continuity and planning could lead to increased confidence from our customers and increased sales volume.
Knowledge System for BCMS
Improve the awareness and understanding of business continuity planning and business recovery throughout Molex to reduce recovery time.
Principled Entrepreneurship™
Minimize the financial impact of a business disruption to Molex and our customers by leveraging a holistic, systematic, process-driven approach to reduce recovery time through the integration of various foundational (e.g., customers, products, suppliers, tooling and assets) building blocks.
Compliance
Drive compliance with BC standards before and laws after a disruption.
Customer Focus
Maintain the continuity of supply of our products to meet our customer’s requirements. Increase our customers’ assessments of Molex’s ability to recover and our customers’ satisfaction with our recovery after a business disruption.