Here’s How Firms Can Prepare For The New Normal Of Doing Business

  • Date: 08-May-2020
  • Source: Forbes
  • Sector:Economy
  • Country:Middle East
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Here’s How Firms Can Prepare For The New Normal Of Doing Business

"The opening will take different shapes, with different countries, different regions, and different business sectors opening up in different ways and at differing speeds.". The map will guide production, supply chain, and marketing and sales efforts, and help determine a recovery timeline for each site," they say. ". Within countries, rules may remain in place in the worst-affected regions or in different sectors depending on their working practices and be relaxed in others.. 2) Reassure customers about the safety of their products and services.. Companies should also tell customers about measures that may not be visible to customers to ensure workers in back offices, production facilities and supply chains are safe.. Companies will need to both reassure employees about safety and find ways to motivate them in a post-lockdown world," the report says.. "Others have had to resize their teams, make their business models more flexible, shorten decision chains, streamline their processes, and even convert their production lines," the report points out.. There has also been a huge amount of innovation of both process and product during the lockdown, which many companies may be able to build on.. Companies will be returning to many unknowns that may go on for