In this blog, you will find a three-phase plan to survive the COVID-19 pandemic especially for manufactures but useful for all companies. Forbes created a three phases COVID-19 recovery plan for manufacturers and we fully agree with the plan. Also, we added some advice of our own and spoke to some of our clients who are manufactures themselves.
The now phase is about the most immediate and pressing challenges. Those challenges can be:
Try to move on from the first phase as soon as possible. Lots of companies focus too much on this phase and are spending too much time in this phase, but what you want to do is to move on as soon as possible to really keep your business running again.
This second phase is extremely important and is all about understanding the economic and operational impacts of the crisis. Only then you can try to resolve them as best as possible. One thing is clear your business cannot run as it would normally would, so what to do now?
The first phases are to keep your business running now, but how about the future? The goal here is to all get through this in the long run, right? How to achieve that? Our motto is Stay Ahead. Go Beyond. And this exactly what you need to do now, how hard it may be. Of course, we now live in a world where every day is a challenge and every day new questions will arise, but still, it is good to focus on the future. The goal is to survive this pandemic and keep your business running for years to come.
Above all, the goal of not only us but probably everyone worldwide is to protect the well-being of not only ourselves but for everyone around us. But secondly, we need to try to let our business survive and return to full strength when this pandemic is over and get the world economy back on track.