March 19, 2020
What else could we be thinking about this week?!?! Of course, the coronavirus is top of mind. I met with a group of top notch trusted advisors yesterday (via Zoom) and we shared resources. We had trusted advisors including CPAs, attorneys, HR consultants, bankers, insurance providers and many more. Because it was so valuable for each of us, I wanted to share these resources with you.
We will continue to add links with valuable information in each section. For example, there are articles on FAQs for employers, working remotely, how to keep your sales team motivated and several more. We will continue to add articles as well. Certainly, now that the basics are covered, I’ll also be adding manufacturing and supply chain specific articles and videos as well. Stay tuned here.
One Tip to Implement This Week:
Although the news is quite unsettling, the key is to follow the guidelines for social distancing, be extra careful but do NOT stop. Some of our clients cannot keep up with the volume (for example, food processors/ manufacturing), some have seen a quick slow down (for example, those supporting schools), some are concerned with the 90-120 day likely slooooow down from China (the latest figures is that China is back up to around 50%; however, it depends on your unique situation as some are 70-80% and others much worse), and some are seeing a mixed bag. No matter your situation, there are strategies you could use to move forward successfully. Spring into action!
Of primary focus is to get in touch with your supply chain. Talk with customers and suppliers. Don’t just stop there. Find out about your customers’ customers and your suppliers’ suppliers. Understand your landscape and put action plans in place. There was never a better time to extend a helping hand into your supply chain. We’ll talk about many more actions in a special series to be launched in the next few days but start here.
Last but not least, it is a stressful time for many and so please try to remember with each interaction!