In the space of less than three months, the Covid-19 pandemic has had a fundamental impact upon society throughout the world. As governments endeavour to best protect their citizens from the spread of the pandemic, the focus rightly is on the protection of public health. Many countries are imposing lockdown and social distancing protocols with the aim of flattening the curve of infection.
While most businesses understandably, have the safety and wellbeing of their employees and clients, as their fundamental concern and priority, the economic shock of the pandemic is already being felt in many industries.
For many, the pandemic has entirely disrupted business plans and foreseeing how businesses and industries can adapt and survive has become a pressing concern.
As the impact of the pandemic on society evolves on a daily, if not hourly basis, predicting how far reaching the effects will be felt is fraught with difficulty.
However, while we hope for the best, we must prepare for the worst. There are a number of resilience and mitigation actions that Irish businesses can take to protect themselves.
In that regard, we have set out below high-level considerations that businesses should bear in mind in these most pressing times.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
