Business Contingency Planning Post-Pandemic; When (or “If”) the Bough Breaks, Post-Pandemic – the Company Can Be Saved and Not Sold
What has transpired across the United States in the past 15 months is unprecedented in modern times, socially and commercially. The toll on Americans, both personally and professionally, has been tremendous. With that, however, came actions by government – national and state – in an effort to minimize the blow. An unparalleled amount of money was made available to businesses to, in effect, keep them afloat while the pandemic ravaged the economy in ways not seen in over one century. Moratoriums were set into place to avoid mass defaults. Despite the obvious short-term positives, this “pause” has created a potential for a false impression of operational health. History tells us that risks exist around the corner that cannot be solved by new, and arguably short-term, solutions provided due to a once in a century event.…
