“Why are markets so spooked? The economic concerns are not so much about the virus itself. They are about the prolonged impact of supply shortages paired with wavering consumer confidence and reduced spending due to response measures. With case numbers growing in Italy, supply chain fears increase. The spread of Covid-19 and attempts to contain it are now affecting European industrial hubs as well manufacturing in China, South Korea and Japan, which could cause prolonged shortages across a variety of sectors. As for the U.S., it’s a matter of when, not if. Are we prepared?”
Here are a few things to think about right now:
- Update your plans.
- Manage cash flow.
- Take care of your employees.
- Work from home has its limits.
- Expect prolonged supply chain disruptions.
- Don’t fuel the panic by saying the wrong things.
I address the resilience community and its pandemic preparedness status for Forbes. Click here to read more.
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