A back to business continuation strategy

A word of warning from Carl Jackson of business advisory firm Quantuma, focuses the mind on the necessity for a clear business continuation and back to operations strategy: “For the next three months, my guess is that corporate failures won’t rise significantly. Once we come out of this – and I hope and am sure we will – that is the time you will see a rise in insolvencies because, at that stage., my expectation is the Government will withdraw or reduce the scale of support, and many a business will have a starved balance sheet and won’t be able to fund ongoing trading.”

For this reason it is imperative to be adaptable to the noises resonating from the market. Demand will return and it is important to be able to react when it does. In both the retail & commercial sectors, some firms are adopting a ‘bunkering’ mentality, while others are using the time to engage with customers, discussing future projects. Preparation is the key for future business success and longevity. A fabricator told me last week: “I have all the stock in place for 6 weeks full production, so when we are back online, I can crack on at ‘full stream ahead’ for existing and new customers. There are issues I will have to deal with, but for me its important to get back making windows and doors and getting paid.”

John Cowie – Editor Windows Active Magazine

07.04.20