Resilient podcast: How businesses can confront the COVID-19 crisis has been added to Bookmarks.
Resilient podcast: How businesses can confront the COVID-19 crisis
Actionable insights to help businesses respond and recover
In this special edition Resilient series, we shift our focus to the evolving COVID-19 crisis. From supply chain disruptions and economic scenarios to remote working challenges and crisis response strategies, these episodes feature actionable insights from leaders to help you think through what to do now—and next.
- The CFO perspective
- Divestiture execution and strategy
- Recovering losses
- Economic stimulus
- Explore episodes in this series
The chief financial officer perspective on recovering from crisis
Many businesses across the United States are strategizing how to reopen and rebuild in the wake of the COVID-19 pandemic. Chief financial officers (CFOs) are on the front lines of many of these decisions and their potential consequences. As our latest CFO Signals™ survey reveals, CFOs’ perspectives on the global economy are at all-time lows, as is their near-term optimism for the reopening of business operations. When do they think conditions will improve and how are they planning to address return-to-work, cost reduction, and capital markets challenges in the months ahead? In this episode of Resilient, Sanford A. Cockrell III, global leader of the CFO Program for Deloitte Touche Tohmatsu Limited, joins the podcast to discuss findings from the Q2 2020 CFO Signals™ survey. Conducted each quarter for the past 10 years, the survey tracks the thinking and actions of leading CFOs from some of North America’s largest and most influential companies. How long do CFOs expect the current downturn to last? What do they think it will it take to achieve near-normal levels of on-site work? What does a post-crisis future look like to? Sandy shares insights from the survey—and from his decades of working with financial leaders—to explore how CFOs are adapting to near-term performance pressures and position their companies to recover and thrive over the coming year and beyond.
Divestiture execution and strategy—where precision matters
The current crisis may serve as an opportune time for organizations to divest assets. A business carve-out can create significant value for the seller during challenging financial circumstances. But the process can be complex and time-consuming at a time when leaders need to make critical decisions in rapid timeframes. In this episode, three Deloitte leaders discuss how divestitures have been historically used during times of crisis and how leaders might approach them during the ongoing COVID-19 pandemic. They share insights on how leaders might go about identifying and evaluating the criteria for a successful “surgical” carve-out. They also discuss key factors that may drive increased value when a company is going through the sales process, and how the process itself may significantly affect the final price. Given the unique aspects of the COVID-19-related divestiture environment, they explore how organizations might manage the divestiture process virtually, balance speed with elegance to potentially minimize transaction risk, and increase resiliency in M&A strategies moving forward.
Deloitte leaders in this episode:
- Tony Blanchard, managing director, Investment Banking, Deloitte Corporate Finance LLC, Deloitte Risk & Financial Advisory
- Mike Dziczkowski, partner, M&A Transaction Services, Deloitte Risk & Financial Advisory
- Andy Wilson, partner, M&A Transaction Services, Deloitte Risk & Financial Advisory
Recovering losses: A business perspective on expediting financial recovery
As the economic impact of the coronavirus pandemic continues to grow, many business leaders may be trying to understand the magnitude of their organizations’ financial losses. But attempting to quantify incurred loss during an ongoing and evolving crisis is nearly impossible—only after it’s over can the full business impact be determined. What steps can companies take now to calculate and recover losses sustained from the COVID-19 crisis? This episode of Resilient features Katie Pavlovsky, principal with Deloitte Risk & Financial Advisory, and Vincent Morgan, partner, Insurance Recovery and Advisory at Pillsbury Winthrop Shaw Pittman LLP. Together they explore what company executives may be able do to better to understand loss exposure and recovery coverage in the near-term, and how they might tap into potential relief. They also discuss the importance of cross-functional collaboration and data-driven analyses when evaluating the impact. And in a world where little is predictable, they share insights on how business leaders may be able to identify and plan for ongoing risk related to the crisis.
Business leaders in this episode:
- Vincent Morgan, partner, Pillsbury Winthrop Shaw Pittman LLP
- Katie Pavlovsky, principal, Deloitte Risk & Financial Advisory
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