Risk assessment managers at all of the major grocery retailers will meet for the first time on May 8 to develop contingency plans in the event of a crisis.
The first meeting, which will be attended by representatives across all retail sectors, would focus on tackling soaring insurance premiums and what to do if disaster struck at a warehouse, said crisis management specialists Survive.
The current trend in retail was to concentrate more distribution centres into fewer, larger, sites, said Survive consultant David Lloyd. "This makes them increasingly vulnerable. If there is a fire at one of their warehouses, for example, there may not be the extra capacity in their network to cope.
"Retailers have realised that they need to club together to arrange backup warehousing so there is a contingency plan when things go wrong."
The retail working group will meet three to four times a year.

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