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.
The Grant Thornton Resilience Wheel outlines five key considerations for businesses with cash management at the centre.
Grant Thornton advisers are focused on working alongside our clients to support them through challenging times of stressed or distressed operating conditions.
If you would like a conversation with one of our local specialists to explore the Resilience Wheel dimensions for your business and how you can put in place measures to protect your business at a time of crisis please contact.