Novel Coronavirus (COVID-19) will continue to affect people and economies across the globe, impacting many of our clients operating in diverse industries. The speed at which the situation is unfolding necessitates agility to assess and respond to risks as they arise.
As companies take steps to mitigate the impact of the virus, the day-to-day operations of their businesses will be affected in a plethora of ways.
Managing business risk is a key consideration for companies. This might include banking and commercial arrangements as well as customer behaviour and supply chain issues stemming from travel restrictions. Employers will be concerned with the wellbeing of their people who need to self-isolate and planning for remote working on a large scale.
While the outlook is currently clouded with uncertainty, what's clear is that the situation will continue for some time yet. Businesses will need to be able to absorb knowledge, understand their risks and implement processes to boost business resilience. Where we have expertise that can support our clients in navigating this uncertain time, we will share in-the-moment updates as they arise.
At Howard Kennedy, we too are seeking to be agile and work in new and innovative ways. To support our clients, both in the UK and internationally, we plan to share regular insight as and when the situation develops.
For us, it's business as usual... just not always in the usual place. But if there's anything we can do to better support our clients then please let us know.