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The Resilience Wheel: where to focus your business in stressed and distressed conditions

Questions for companies impacted by Coronavirus

With the rising impact of COVID-19 being seen worldwide, all industries will face significant disruption to their supply chain, workforce and cashflow. The right response will depend on the specific circumstances you and your business face. However, when experiencing significant stress or distress, we recommend you focus everything you do around the management of cash.

Our Resilience Wheel outlines five key considerations for businesses with cash management at the centre.

  1. Cash management: the most critical issue for businesses

  2. Contingency planning

  3. Stakeholder management

  4. People

  5. Setting up a crisis management team