In March, as part of our efforts to assist our clients to navigate the uncertainties brought on by the global spread of the coronavirus disease 2019 (COVID-19) and measures that are being implemented to combat the pandemic, we invited our clients and contacts to self-assess their contingency arrangements using our complimentary online contingency planning tool.
Responses have been received from a broad spectrum of sectors (including aerospace, automotive, food and drink, retail, industrial and consumer products) and replies received to date have revealed some interesting findings.
It would appear that a majority of respondents across all sectors have assessed the potential impact of COVID-19 on cash flow, as well as on their customers or end users, and have taken measures to adapt their distribution networks accordingly. It would also seem that, mindful of the risks of disruption to supply networks due to travel, export or import restrictions imposed on goods and people, a majority of respondents are endeavouring to maintain good lines of communication with their key suppliers, logistics providers and end customers as to what they are doing and the steps they are taking on a regular basis.
