Recommended short term actions in times of economic downturn
Firstly, Corona COVID-19 is a crisis of epic dimensions. Monitoring, containing and mitigating the effects of the corona virus are top priorities for everyone. Timely and decisive actions by health authorities, regulatory and supervisory authorities can help contain the virus outbreak and offset the impact of the pandemic.
Medical doctors, nurses and health professionals are doing everything to support us. So are sectors of everyday life like food-retail or connected logistics to support us with everything that we need daily.
This paper is aimed to support business leaders and clients of h&z to mitigate business risks and prepare for the economic downturn that we are facing. It is aimed to ensure business continuity, free up cash, reduce external spend and manage supply chain risk.
Optimizing Working Capital – fast and innovative levers
This paper is aimed to support business leaders and clients of h&z to optimize and reduce working capital and release cash in the short-term.
In times of COVID-19 and a looming recession, releasing cash is a priority. Failing to react will lead to losses. Working capital can partly compensate missing cash. The current crisis offers a potential to reduce working capital of up to 30%.
Getting back on track – crisis management with agile methodologies
Managing the crisis and preparing for the re-start by defining objectives, key results and individual action plans.
The use of OKRs will ensure focus, alignment and adaptability in the management of the crisis and the preparation of the re-start.
Getting back on track_Crisis management with Agile
Corona maltreats the suppliers. Aerospace expert Michael Santo in the current issue of Handelsblatt.
Aerospace: Corona maltreats the suppliers. Not only Airbus and Boeing are getting into trouble in the current crisis.
Many suppliers will only be able to hold out for a few weeks. h&z Aerospace expert Michael Santo in the current issue of Handelsblatt (25 March, 2020).