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COVID-19: Global Health & Crisis Response

COVID-19: Global Health & Crisis Response

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SUMMARY

This report about the coronavirus outbreak urges CEOs to act promptly in the wake of the Covid-19 threat.

The paper aims at helping CEOs and senior executives in a leadership role to understand the COVID-19 crisis and how it may evolve. The document points out the steps that companies need to put in place to protect employees, customers, suppliers and financial results in the wake of the Corona crisis.

According to this study, there might be two potential scenarios. The first points to a delayed recovery as the coronavirus continues its global expansion until the second quarter of 2020. A strong health response along with virus seasonality reduces the number of coronavirus cases across the globe.

The second business scenario comes as a result of a prolonged contraction. The coronavirus spreads globally with no signs of a seasonal decline, reducing the global demand drastically until Q2 2021. The economic impacts of this potential scenario are also analyzed in the document.

Companies' crisis management strategy should include workforce protection, supply chain stabilization, and customer engagement, among other aspects.

 

OUTLINE

Introduction

Current situation

Potential scenarios

Business actions

Indicator dashboards

DETAILS

Overview

Researchfinder Rating
5 out of 5 stars
Title
COVID-19: Global Health & Crisis Response
Region
Global
Published
March 16, 2020
Publisher
McKinsey & Company
Author(s)
Matt Craven, Linda Liu, Mihir Mysore, Shubham Singhal, Sven Smit, and Matt Wilson
Price
FREE
Language
ENGLISH

Content

Number of Pages
34
Number of Tables
0
Number of Exhibits
20
Topics
business-and-corona
Tags
corona, coronavirus, Covid-19, crisis management, customer engagement, economic impact, global, health, healthcare, McKinsey, supply chain, supply chain management, workforce protection
Author(s)
Matt Craven, Linda Liu, Mihir Mysore, Shubham Singhal, Sven Smit, and Matt Wilson
Methodology
Not available.

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