COVID-19: Navigating the crisis together.
The COVID-19 pandemic is having a huge impact on people’s lives, communities and the overall economy.
Corporations, family businesses, start-ups and the public sector are all being challenged to rise to the occasion. They need to manage the crisis today, while laying the foundation to reemerge stronger over the long term. We’re helping them to do this, both locally and around the world. Because it’s easier to cope with difficult times when you’re working together toward a brighter future.
COVID-19: what you need to keep in mind
Crisis management:
Stabilise and reorganise
What’s needed now: a crisis task force and a crisis plan that helps you run your business, identify sensitive areas quickly, keep your stakeholders informed and make strong decisions.
Workforce:
People at the centre
Companies have a duty of care and an obligation to keep employees informed. Both are especially important during the crisis. Companies may need to address changes to working conditions, such as home office options, as well as labour law topics, like short-time working arrangements or continued payment of wages.
Liquidity, finance and taxes:
Stay financially strong
Pandemics often lead to economic gridlock. Financial pressures may threaten an enterprise’s financial viability. Companies need to ensure transparency about their own financial situation and liquidity, understand the options for government support, and consider tax implications.
Legal & Regulatory:
Contracts under pressure
Crises often make it difficult to comply with contracts, due to delivery bottlenecks or a lack of sales markets. Don’t wait to consider where you may face penalties, incur liability or be unable to meet statutory deadlines.
Supply Chain & Operations:
Quick responses needed
A worldwide pandemic endangers business operations. Supply chains and connections are threatened - including critical links to IT service providers, suppliers, and customers. To make sure your operations don’t come to a standstill, now is the time to identify critical functions and operational risks.
Strategy & Transformation:
Protect your reputation
Companies that act decisively will be strengthened and emerge from the crisis with a competitive advantage. Successful companies are reassessing their strategy to make the most of an opportunity for strategic transformation. They’re aligning core competencies, cost structures and their organisation with the post-crisis "new normal".
PwC Tools and Services
Digital tool for crisis management
PwC's Safe Space helps you to return to business in a controlled manner.
Global overview of tax, legal and economic measures in response to COVID-19
In addition to its serious impacts on individual health and health services, the Coronavirus (COVID-19) is having a significant effect on enterprises and business. The global PwC network can provide you with support. Our navigator gives you an overview of highlights from rules related to COVID-19 around the world, including a search by country and topic. In Germany, your contacts Jan Becker and Volker Käbisch can respond to any questions.
COVID-19 Navigator
The COVID-19 presents major challenges for all of us. We want to provide our clients with the best possible support during these difficult times. That’s why we developed a free tool that draws on our experience coping with crises.
Contact us
Prof. Dr. Rainer Bernnat
Leader Government & Public Sector, Strategy&, PwC Germany
Tel: +49 69 97167-414
Claudia Nestler
Partner, Forensic Services Leader, Crisis Management, PwC Germany
Tel: +49 175 2980 952
Dr. Peter Gassmann
Global Strategy& Leader, PwC Strategy& (Germany) GmbH
Tel: +49 69 97167-470
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