Laying off employees is difficult in normal times; but amidst the Covid-19 global health crisis, the task is emotionally and cognitively overwhelming due to the great deal of uncertainty. Managers charged with dismissing a wide swath of employees are pulled on various fronts as their hearts go out to people but on the other hand …
Continue reading Managing layoffs that are due to the COVID-19 crisis
What will it take to navigate this crisis? From my discussions with business clients it seems that business restructuring and renegotiation of bank credit is of imminent importance and need. For some organisations, near-term survival is the only agenda item. Others are peering through the fog of uncertainty, thinking about how to position themselves once …
Earlier this week I reported to you on the very latest research on consumer perspectives from countries like China, US, UK, Italy and Germany, with regards the COVID-19 related crisis Today I have the pleasure of presenting to you some findings from research done this very week by EMCS (www.emcs.com.mt) on the Maltese perspectives on …
A couple of days ago I reported on the Consumer behaviour in China post COVID-19, from a research done by McKinsey & Company. Now McKinsey & Company have published a number of other research findings with regards consumer sentiment in a number of countries, which are still in the thick of dealing with the COVID-19 …
Continue reading Consumer sentiment during COVID-19 – UK, Italy and Germany
Strong leadership from the CFO of any organisation is critical at this point in time. The challenges that many businesses are facing in an extremely short period of time are varied, with some companies losing a big chunk of their revenues whilst others have lost ALL revenues. Now, more than ever, Cash isn’t just king—it’s …
Continue reading The Pivotal role of the CFO during this crisis
I was reading the results of a survey done by McKinsey & Company amongst 2,500 Chinese consumers between February 21st and 24th and again between March 20th and 23rd, to gauge consumer attitudes across eight product categories: alcohol, makeup, skincare, snacks, home cleaning, personal care, fresh food, and baby care. It is very interesting research …
All businesses are suffering today. The retail & catering industry is especially visible and emblematic of our economic struggles at this moment in time. All restaurants and non-essential retails are closed. This is happening not only in Malta but in many countries around the globe. In many instances both restaurants and retail companies are providing …
Continue reading How Can a Retail and Restaurant/Catering Business Survive?
As various business face heavily reduced revenues or zero revenues, managing cash flow is even more important than ever. What must businesses operating in this crisis period do to defend their cash flow, now more than ever before? Watch any credit your are extending EXTREMELY closely: Do you know if any of your customers are …
As the Covid-19 crisis spreads in Malta, Europe and the U.S., there are opportunities for companies to learn from those in other regions around the world, that are weeks ahead in responding to the epidemic. Many in Malta are busy dealing with the present crisis and worrying as it seems that the help dished out …
Continue reading Preparing your business in Malta beyond COVID-19
In the past few days I was reading the extremely interesting briefing note issued by McKinsey on COVID-19. I invite you all to click on the below link and read it:- https://www.mckinsey.com/~/media/mckinsey/business%20functions/risk/our%20insights/covid%2019%20implications%20for%20business/covid%2019%20march%2016/covid-19-briefing-note-march-16-2020-final.ashx What is most interesting is what they said as how they are seeing that companies are responding to COVID-19. They mention that companies …
Continue reading Responding to COVID-19: What companies are missing
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