How to Plan your way out of COVID-19 lockdown
Updated: May 30, 2020
In the past couple of months, so much has changed, every organisation has been disrupted to a greater or lessor extent. The economy has changed and potentially our position within our markets.
At this step the learnings from the research phase are picked up and transposed into a series of action plans. This will provide:
Plans covering the immediate / short / medium and long term horizons
An understanding of resourcing requirements - both people and finance
Approvals to progress and a shared focus across the business
Thanks to Darrell Webster for uploading the video and helping put the conference together. Find useful how-tos on using M365 products, creating video content and more. See Darrell As A Service YouTube.
The Challenges that the COVID-19 Pandemic brought for a Shipping Company
For businesses, that have longer cycles of production or delivery (such as shipping), the big impacts are yet to surface. Yes, staff have had to WFH, a challenge for many businesses in itself, but the more significant impacts wont be felt for several months… or towards the end of the year… or even into 2021 (as will be the case for commercial property in all likelihood).
ABCW spoke to a global shipping company about the impacts on freight movements and container usage. The company has many customers who have experienced a slow down in sales. As a result the shelves are full - as are their warehouses. The stock they ordered earlier in the year, pre COVID, is now starting to arrive via ship, but they haven’t the capacity to take more stock.
The response by companies has been to ask shipping companies to halt or slow their deliveries, and in doing so push the overstocks down the supply chain. Leaving shipping containers on the dock is expensive; shipping companies cannot bear the cost. Furthermore, as shipping containers are manufactured in China (where manufacturing is only just ramping back up), they are in short supply. Shipping companies cannot risk disrupting the flow of containers around the world due to a shortage of containers in-play.
For each one of these organisations, how they recover from current disruptions and how they are preparing for the longer term impacts… is a matter of careful planning.
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