The COVID-19 Implications for Your Business

JMD Systemics is here to help you

The coronavirus outbreak is first and foremost a human tragedy, affecting hundreds of thousands of people. It is also having a growing impact on the global economy. This article is intended to provide business leaders with a perspective on the evolving situation and implications for their companies.

The outbreak is moving quickly, and some of the perspectives in this article may fall rapidly out of date. This article reflects our perspective as of April 1st, 2020. We will update it regularly as the outbreak evolves.

The pandemic continues to expand

Some geographies have a handful of cases, others with early community transmission have a few hundred, and those with uncontrolled, widespread transmission have tens of thousands. Governments have launched unprecedented public-health and economic responses. The situation evolves by the day. Businesses and society can and must take on both spheres of action, right away. Businesses and companies need to think and act across five horizons.

1.- Resolve

Address the immediate challenges that COVID-19 represents to institutions, workforce, customer, technology and business partners.

2.- Resilience

Address near-term cash-management challenges and broader resiliency issues during virus-related shutdowns and economic knock-on effects.

3.- Return

Create detailed plan to return business to scale quickly as COVID-19 situation evolves and knock-on effects become clearer.

4.- Reimagination

Reimagine the next normal: what a discontinuous shift looks like and implications for how institutions should reinvent.

5.- Reform

Be clear about how regulatory and competitive environment in industry may shift.

Collectively, these five stages represent the imperative of our time: the battle against COVID-19 is one that leaders today must win if we are to find an economically and socially viable path to the next normal.

Again, this article reflects our perspective as of April 1st, 2020 and we will update it as the outbreak evolves.

In need of any assistance?

For the duration of the pandemic, we have discount business and corporate prices.

JMD Systemics is here to help you

Michel Ouellette JMD, ll.l., ll.m.

JMD Systemics,

A division of King Global earth and Environmental Sciences Corporation

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