The economic impact of the coronavirus has become immediately apparent and it is
causing business owners financial stress. Various industries such as aviation, hospitality,
retail and manufacturing have already begun to feel the adverse effects. Although there
remains a high degree of uncertainty, recent downturns in the market suggest that the
economy may experience another recession in the near future. Given that businesses
are already experiencing the effects of disruptions to international supply chains,
exposure to solvency issues and staffing shortages may exacerbate the risk businesses
face. In order to successfully navigate this period of uncertainty; executives need to map
out the appropriate course of action.
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