The press have just announced the start of major public bans at events in Sydney, Melbourne and Brisbane to reduce the infection rate and speed of COVID-19. Their objective is to minimise pressure on the health system, primarily hospitalisation rates/occurrences.
- Aust v NZ cricket one-day international at Sydney cricket ground
- Aust F1 Grand Prix in Melbourne has been cancelled
- Paniyiri Greek festival in Brisbane
- AFL and Rugby League will be next as well as schools, other public events and workplaces.
The impact on business will be substantial at least for the next 3 – 6 months. I’m sure you are discussing it but please get your leadership team together to devise a plan of attack around the following areas:
- Supply of materials
- Supply and movement of labour
- Production (what restrictions will be imposed on you in terms of completing work)
- Sales (what restrictions on access to meet with prospects/clients)
- Demand (how will you maintain a suitable level of quote requests/enquiries)
Below is a list of questions to discuss:
- Which plans need to be reviewed or activated and when?
- Do our plans contain an appropriate focus on employee wellbeing, supply chain disruption, short- and long-term financial impact?
- What support do management and staff need? What is the best way to support them?
- Is the business communicating timely messages to both internal and external stakeholders?
- How are we monitoring the ongoing risks?
- Are we scenario planning and testing for any negative fallout?
- Are we adjusting revenue projections if necessary and/or taking action to boost financial resilience?