LOCK-DOWN IS A REALITY Only nine days ago, Valcon gave our first recommendations to business leaders on handling the situation, based on our market intelligence gathered from our clients and our partners in the first affected regions. Our initial and still relevant recommendations for how your company can prepare for the challenges ahead were: 1. Follow the advice of health authorities 2. Set up a contingency plan 3. Monitor the full supply chain 4. Carry out a financial stress test 5. Appoint critical roles The five-step action plan for handling the COVID-19 situation can be found here With the recent lock-down of Denmark, it is likely that more countries and markets will follow soon. And the implications are likely to be severe for most businesses. This is first and foremost a humanitarian crisis, and all companies and their employees need to follow the advice and guidelines from authorities to prevent the virus from spreading too fast. These guidelines will not be covered in this document as they are outside the scope of our expertise and are better given by others. Our recommendations in this second paper have a more narrow focus on what you can do to : A. SUPPORT YOUR EMPLOYEES B. STAY CLOSE TO YOUR CUSTOMERS C. SAFEGUARD YOUR FINANCES
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