Covid-19

Weathering the storm of a global pandemic

Weathering the storm of a global pandemic

Businesses must act 

While forecasters warn us of steep lockdown falls in the macroeconomic numbers, the key challenges for swift recovery are at the microeconomic level. Businesses have a vital role to play in the fight against Covid-19 by protecting their staff, maintaining supply chains and innovating to serve society’s urgent needs. 

What did you do during the crisis?

Not all will survive, revive, or be recreated, especially amongst the hundreds of thousands of small companies and sole traders. And the wreckage of some industries (notably aviation) will have long-term consequences. But when the disease is eventually brought under control, the bosses of those that do will be asked: “What did you do during the crisis?” And the performance of those businesses will be rated on their answers to four questions:

  • How did you protect your workforce?
  • How did you look after your customers?
  • How did you innovate and redeploy people and assets to meet the country’s most critical needs?
  • How did you rethink your business strategies to emerge from the crisis fit for the future?

Quotes

When the virus is under control, we’ll remember and reward those firms, large and small, that we know did the right thing
Gus O'Donnell
Chairman
It is ironic how the best crisis response seems to be one which would have previously been unpalatable and would have had no backing pre-crisis…
Dave Foster
Director
Buying bigger baskets made sense if people were worried about not getting out of the house a lot, but in many cases panic buying went much further.
Tara Chapman
Manager

In numbers

25%

estimated fall in UK trade in 2020

90%

decrease in demand for air travel in Europe

50%

increase in fixed broadband traffic in Spain and Italy (Vodafone)

Team Thoughts

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Articles on Covid-19

Lessons from Covid-19 for insurance

Covid-19

Lessons from Covid-19 for insurance

July 2020
Covid-19 and innovation - where next for UK policy?

Covid-19

Covid-19 and innovation - where next for UK policy?

July 2020
Shaping your 'new normal' at work

Covid-19

Shaping your 'new normal' at work

July 2020
UK higher education and Covid-19

Covid-19

UK higher education and Covid-19

July 2020
A regulatory flight-path to airport recovery

Covid-19

A regulatory flight-path to airport recovery

July 2020
The invisible hand made visible

Opinion

The invisible hand made visible

June 2020
The challenge of Covid -19 for trade policy in the UK and globally

Covid-19

The challenge of Covid -19 for trade policy in the UK and globally

May 2020
Telecoms regulation: facing the challenge of Covid-19

Covid-19

Telecoms regulation: facing the challenge of Covid-19

May 2020
Covid-19: challenging time ahead for aviation

Covid-19

Covid-19: challenging time ahead for aviation

May 2020
The great lockdown: the financial impact on the telecoms sector

Covid-19

The great lockdown: the financial impact on the telecoms sector

April 2020
Coronavirus may aid the climate - if policymakers act wisely

Covid-19

Coronavirus may aid the climate - if policymakers act wisely

April 2020
Covid-19: what did you do during the crisis?

Covid-19

Covid-19: what did you do during the crisis?

April 2020
The Covid-19 vaccines: free market triumph, or policy success?

Opinion

The Covid-19 vaccines: free market triumph, or policy success?

November 2020
Don't expect a dent in premier league pay

Covid-19

Don't expect a dent in premier league pay

September 2020
UK higher education and Covid-19: implications for social mobility

Covid-19

UK higher education and Covid-19: implications for social mobility

August 2020
Covid-19 and cartel overcharge estimation

Covid-19

Covid-19 and cartel overcharge estimation

July 2020
Shop prices and Covid-19 - nothing to see here

Covid-19

Shop prices and Covid-19 - nothing to see here

May 2020
Sharing the burden: Criteria for risk allocation

Covid-19

Sharing the burden: Criteria for risk allocation

May 2020
Stick or twist?

Opinion

Stick or twist?

April 2020
How should the water sector respond to Covid-19?

Covid-19

How should the water sector respond to Covid-19?

April 2020
Sharing the burden: Who bears the risk of Covid-19

Covid-19

Sharing the burden: Who bears the risk of Covid-19

April 2020
Covid-19 and the continuing case for sustainability

Covid-19

Covid-19 and the continuing case for sustainability

April 2020
Decarbonising air transport after Covid-19

Opinion

Decarbonising air transport after Covid-19

April 2020
How is COVID 19 impacting the UK electricity system?

Covid-19

How is COVID 19 impacting the UK electricity system?

April 2020
Through a glass darkly - the economic impact of Covid-19

Covid-19

Through a glass darkly - the economic impact of Covid-19

April 2020
Business update

Business update

Read our update to find out what we’re doing to keep things business as usual.

Find out more