Beyond immediate actions, organizations should use this as an opportunity to reflect on the ability to navigate a crisis and, going forward, consider actions to increase agility and become more resilient in the future.
In addition to the health impact of COVID-19, there are considerable commercial impacts being felt globally particularly in the supply chain. This current challenge can be used as an opportunity to gain deeper understanding of your organization’s strategic operations and supply chain, and in turn, to develop more collaborative and resilient relationships with critical suppliers.
Businesses with extensive presence in or direct ties to affected areas must take immediate actions to assess organizational exposure, positioning them to appropriately support key stakeholders, employees and customers. Beyond immediate actions, organizations should value the opportunity COVID-19 provides to reflect on the ability to navigate a crises and going forward, consider actions to increase agility and become more resilient in the future.