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How companies can reshape results and plan for a COVID-19 recovery

How companies can reshape results and plan for a COVID-19 recovery

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SUMMARY

This report analyses how businesses can react to the profound consequences of the Covid-19 crisis.

The paper takes a look at the key aspects that corporations should have in mind to reshape their business strategy as a result of the coronavirus outbreak.

Employees' safety should come as a priority. Businesses need to make adjustments to begin or expand flexible work arrangements and put in place the policies to enable employees to work remotely and safely. Another priority for the Corona crisis is to maintain business continuity, asses short-term liquidity, exam financial and operational risks and respond quickly, and think about alternative supply chain options. Communication with key consumers and customers is also vital as well as with other stakeholders such as suppliers.

OUTLINE

How to lessen the Covid-19 impact

Employees safety

Adapt your business strategy

Communication with stakeholders

Government support policies

Resilience

DETAILS

Overview

Researchfinder Rating
5 out of 5 stars
Title
How companies can reshape results and plan for a COVID-19 recovery
Region
Global
Published
March 18, 2020
Publisher
Ernst & Young
Author(s)
Harsha Basnayake, Christopher Mack, Maggie Cui, Glenn Peters, Andrew Koo, Jieqi Zhou, Ignatius Yi-Meng Tong, Daryn Saretzki, Andre Toh
Price
FREE
Language
ENGLISH

Content

Number of Pages
8
Number of Tables
0
Number of Exhibits
1
Topics
business-and-corona
Tags
business budget, china, corona, coronavirus, Covid-19, Ernst & Young, financial services, global, home office, remote work, supply chain management
Author(s)
Harsha Basnayake, Christopher Mack, Maggie Cui, Glenn Peters, Andrew Koo, Jieqi Zhou, Ignatius Yi-Meng Tong, Daryn Saretzki, Andre Toh
Methodology
Not available.

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