Maintaining business resilience during times of upheaval will require leaders to gain an organisation-wide view that includes financial, operational, commercial and communities.
We see four stages that outline the path through recovery:
Reaction. All organisations are simultaneously impacted as professional and personal lives are disrupted. Volatility and uncertainty permeate society as the primary focus is on limiting damage to lives and livelihoods as we weather the unprecedented storm.
Resilience. Controls loosen as virus spread is contained and/or a vaccination or cure is available. Consumer demand begins to return but is constrained by lost wages, investment losses and recession fears.
Recovery. Anxiety passes and hiring, investment and consumer sentiment cautiously improve. Recovery paths for organisations will vary based on ability to limit damage from the Reaction stage, length and severity of recession, post COVID-19 industry demand and willingness to adapt.
New Reality. A number of enduring shifts will remain post recovery as many learnt behaviours born out of the crisis will become central to the new normal.
Managing through the current challenges, and imbedding resilience for recovery and the new reality will be challenging, but together we can work on the answers.
The subjects below will further help you understand your business’ exposure to disruption caused by COVID-19, and could help you position your business to be more resilient.
Approaches and options available to organisations to tackle COVID-19 challenges, as well as emerging and future issues.
Meet the operational challenges created by COVID-19 impacts and set your business up for future resilience.
Maintain and protect your commercial resilience through the COVID-19 economic impacts and beyond.
Read our latest insights on business resilience in the time of COVID-19.
Increased acceptance of flexible working and international travel restrictions unlocks a spike in domestic tourism.
Flexible working and international travel restrictions unlocks spike in domestic travel.
Our podcast series brings you insights into what a new reality could look like post COVID-19.
Podcast series providing insights into what a new reality could look like post COVID-19.
Updates on travel exemptions, Labour Market Testing and Global Talent Independent program as at November 2020.
Updates on travel exemptions, Labour Market Testing and Global Talent Independent program.
As councils move towards their new state, they should focus on six key areas to ensure they create an agile, future-proof organisation.
As councils move towards their new state, focus should be given to six key areas.
KPMG's State Budget analysis on impacts and implications for the Australian economy, business, industries and sectors.
KPMG's State Budget analysis on impacts and implications for the Australian economy.
KPMG Board Leadership Centre webinar series to help boards navigate recovery and post-recovery strategies into the new reality.
KPMG Board Leadership Centre webinar series to help boards navigate the new reality.
It’s timely for Australia to take a fresh look at its tax and regulatory settings for ESS and consider what schemes could contribute to the recovery.
It's timely for Australia to take a fresh look at its tax and regulatory settings for ESS.
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