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woxroweb
Joined: 06 May 2022
Posts: 4
Posted: 2022-05-06 09:06
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The coronavirus (COVID-19)
outbreak
is causing
widespread
concern and economic hardship for
consumers
, businesses and
communities
across the globe. We have prepared some general guidance on COVID-19: What US business leaders should know, covering the key areas of crisis management, supply chain, workforce, tax and trade, and financial reporting.
Most companies already have
business
continuity plans, but those may not fully address the fast-moving and unknown
variables
of an outbreak like COVID-19. Typical
contingency
plans are intended to ensure operational effectiveness following events like natural
disasters
, cyber incidents and power outages, among others. They generally take into account the widespread quarantines, extended school closures and added travel
restrictions
that may occur in the case of a global health emergency.
The crisis raises a number of unique challenges. In PwC’s inaugural COVID-19 CFO Pulse
Survey
, finance
leaders
in the United States and Mexico
shared
their top concerns.
Issues that the technology industry might face:
Business continuity planning does not account for the
uncertainty
of an
evolving
pandemic.
Raft of
industry
event
cancellations
mean fewer business development opportunities.
Vastly diminished business travel results in fewer client
interactions
.
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