Our perspective on the pandemic’s impact across nine industries, actions leaders should take and questions to push your thinking.
The global spread of COVID-19 is impacting all industries in all directions. While headlines surround customer uncertainty and the visible disruption of production and supply chains, we believe organizations face greater risks and challenges when it comes to their people and crisis management. And even after COVID-19 is under control, companies will face an uncertain financial, regulatory and legal aftermath.
So, how should leaders respond to the unprecedented disruption caused by the COVID-19 pandemic? Here we breakdown the impact on nine key industries, actions organizations can undertake, and questions to help push your thinking. Some of these are broadly applicable, such as whether you have the contingencies to cope with sustained disruption, or the operational visibility to fully understand where and how you need to act.
You also should take into account the fast-moving nature of government responses to the crisis, which already include everything from offering grants and low-interest loans to companies to taking equity stakes and directly supporting industries. Finally, while we believe all leaders can learn from the experience of others during this volatile time, you can skip directly to your relevant industry by selecting the applicable link below: