Addressing the financial impact of COVID-19
The heart of resilient leadership: responding to COVID-19
Events continue to move at a rapid pace and new developments related to COVID-19 and low oil prices are creating various operating and financial challenges for organisations across the globe.
Public policy measures put in place to contain the spread of COVID-19 are resulting in significant disruption for many companies; Staff under quarantine, failing supply chain, limited inventories, and sudden reductions in demand from customers are creating serious issues for companies across a far wider range of sectors than initially anticipated.
The ability to simply trade in the short term in sectors such as airlines, retail, leisure and hospitality is being compromised as a result of lockdowns globally.
Many other sectors are also experiencing dramatic and serious challenges. Whilst businesses need to continue focusing on retaining the core business fundamentals that have made them successful, businesses and stakeholders should consider potential actions and solutions that might be available to them both in the short-term but also in the medium to long term in order to navigate through these challenging times.
Companies now need to assess the scale and magnitude of COVID-19 on short-term objectives (in order to respond) while keeping an eye on long-term performance (in order to recover and thrive).
This page offers a selection of thoughts, topics and potential solutions that are available to leaders and businesses while they develop and implement their response and recovery plans.