Goodyear has implemented a robust Business Continuity (BC) strategy focused on supporting the company’s operational resilience—minimizing disruptions and impacts from major risk. We use our BC process to minimize impacts and resume operations as quickly as possible. By proactively identifying risks and critical processes, Goodyear can take steps to speed up response and recovery when incidents occur.

Our BC strategy is aligned with Goodyear’s business units and focuses on supporting and maintaining resiliency. To bring this strategy to life, Goodyear identifies annually our top operational risks by analyzing three components:

• Results from a risk assessment survey completed by our regional manufacturing locations and our global support functions including IT, Sustainability, Environmental Health and Safety, Operations and Procurement
• Actual events and crisis managed during the previous year
• Forward-looking risks as identified by external organizations such as DRI International, the Business Continuity Institute and the World Economic Forum and through internal tabletop exercises and industry benchmarking     

For 2023, the following operational risks were identified, with strategies developed for each of these areas:

• Natural incidents, including climatological trends
• Facility and infrastructure
• Supply chain resiliency
• IT systems impact
• Geopolitical risk

In developing these strategies, the teams take a risk-based, decision-making approach, which includes reviewing the status of operational risks with leaders monthly and our Governance Committee quarterly and the sharing of best practices regionally.

Goodyear’s BC process is aligned with the DRI International certification in BC. Goodyear utilizes the principles of the DRI Professional Practices—program management, risk assessments, business impact analysis, preparedness, planning testing, external collaboration and communications planning—to continually evaluate our own strategy and identify and address any possible gaps.