COVID-19: The recovery of organizations and supply chains
Preparing for recovery and “the new normal” starts now
This latest piece examines the responsibility that company leaders have to not only respond to the current COVID-19 pandemic, but to also consider how their organization will recover and thrive after the crisis is over.
Given the complexity of the pandemic, there is reason to believe that the recovery phase will require unprecedented levels of orchestration and coordination during a challenging and potentially protracted recovery period. Planning for this recovery now – even under uncertainty as the crisis continues to unfold – will be repaid in more precise and considered actions, and a stronger bounce back. Furthermore, the actions that a company takes during this recovery period can set the foundation for sustained growth and performance long after the pandemic is over.
Topics covered in this article:
- Shifting from central command to central orchestration. Questions organizations should ask to anticipate and plan for the pivot from a response to a recovery-oriented position
- Monitoring for signals of the economic rebound. Indicators to be tracked to provide the clearest picture of the rebound timing, and the most likely progression back to a normal economic environment.
- Cross-functional & cross enterprise orchestration and integration. Recommended actions for companies to take during the turbulent recovery period that will be essential for long-term success.
- Preparing for the “new normal.” The COVID-19 crisis is likely to accelerate fundamental and structural changes that were inevitable. How will your company evolve to meet the challenge of the next unexpected global crisis?
Written by Deloitte Canada.