Our presenters explored strategies for proactive and effective cash and liquidity management amid heightened economic pressures
For many companies, trying to navigate finances through this time of uncertainty and disruption is challenging. Businesses around the world are being severely impacted by COVID-19 and the severity of the financial impact will vary by industry, and will be highly dependent on the time it takes to get the situation under control.
A critical first step is to be proactive in assessing your company’s capability to withstand disruption, and the options available to identify, and respond to potential opportunities. The revenue lost during the period of COIVD-19 represents a permanent loss rather than a timing difference and is putting sudden, unanticipated pressure on working capital lines and liquidity. Building solid plans to respond and recover will define how you thrive in the new normal.
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The COVID-19 pandemic challenges business leaders to stabilize amid a crisis and prepare for a newly uncertain future. These economic case scenarios inform short and mid-term strategic, operational, and financial planning. The COVID-19 pandemic challenges leaders to stabilize amid a crisis and prepare for a newly uncertain future. The decisions businesses make in the near term will most likely drive how the entity is sustained in the long term. Now is the time for resilient leaders to take decisive action to soften the shocks yet to come, and at the same time prepare for what may change in the months ahead.
This document, Recover/economic cases, is designed to guide leaders in strategic, financial, and operational planning over, the next 18–24 months, as the Respond time frame emerges into Recover.
COVID-19 Economic cases: Scenarios for business leaders
In the wake of COVID-19, Deloitte and Salesforce hosted a dialogue among some of the world's best-known scenario thinkers to consider the societal and business impact of the pandemic. What might life be like after the crisis passes, and what will it take to thrive in a world remade? Let’s explore four possible scenarios. The World Remade by COVID-19 offers a view of how businesses and society may develop over the next three to five years as the world navigates the potential long-term implications of the global pandemic.
Our view is based on scenarios—stories about the future designed to spark insight and spot opportunity—created by some of the world’s best-known scenario thinkers.
Planning scenarios for resilient leaders
Economics, pandemic, stimulus, moratorium and recovery have become buzz words in recent weeks. COVID-19 has impacted all countries both healthwise and economically and has quickly changed life as we know it to be.
To give a perspective for the unassuming countries with deep-seated reserves and hitherto strong economies have been left scrambling to decipher and determine how to save sectors from totally collapsing. The fragile nature of industries such as travel, tourism, entertainment and sports has been swiftly exposed. How governments, companies and countries survive this crisis will largely depend on their ability to adapt to the initial turmoil, while not wasting the opportunities that will be presented for a recalibration of focus and strategies and finding innovative ways to transact.