COVID-19 is a black swan event that has taken the world surprise, with tragic implications for public health, human life, and business growth. With an initial epicenter in Wuhan, China at the beginning of 2020, the virus has now developed into a widespread global pandemic. As COVID-19 continues its spread and new cases emerge, it is too early to predict the extent of the outbreak’s business and economic impact.
Businesses have been modifying operations and activating continuity plans in the interim – however the full economic impact of the pandemic is unknown. What is certain is that the global business environment remains unpredictable and challenging, particularly as productivity levels, and global supply and demand come to a screeching halt in many countries. Capital markets across the globe continue to suffer severe blows. Navigating the uncertainty ahead has become a universal imperative for all businesses across all industries worldwide.
Tricor’s COVID-19 Response & Recovery Team is here to help you maintain cash flow, diversify supply chains and manage the risks and uncertainty ahead.