The semiconductor market has been in turmoil for the past couple of years due to supply chain disruptions caused by COVID and, more recently, fears of an economic recession. But despite these hurdles and the fact that Samsung expects profits from its semiconductor business to be halved in 2023, the company recently announced that it attained the ISO 22301 Certificate for Business Continuity Management System (BCMS) from the British Standards Institution (BSI).
The ISO 22301 certificate is the international standard for BCMS and represents “the highest level of commitment to business continuity and disaster preparedness.” The certificate shows that an organization — in this case, Samsung Electronics’ DS Division — has the ability to resume its resilience or business after a crisis within global standards.
The COO of BSI Korea stated that “Samsung showed strong will in having a robust business continuity management system, and displayed world-class crisis monitoring and response capabilities.”
Samsung says it will continue to enhance its business resilience and management system so it can overcome only conventional crises as well as emerging issues such as global supply chain disturbances.
The Korean tech giant now aims to secure ISO 22301 certifications for its other semiconductor campuses inside and outside its home country. And with these standards attained, the company expects customer confidence to grow.