INVERTO in the COVID-19 crisis:
#WeAreStayingAtHome – but we’ll still be right by your side!
The coronavirus outbreak has turned the way we live and work on its head within such a short space of time, in a way we couldn’t possibly have imagined. When the local situation forced our Shanghai team to start working from home at the end of January/early February, we genuinely didn’t think that this would soon become the case for staff at all our locations.
But that’s exactly what has happened. Since early March, all our teams have been working from home. One thing that has surprised us is how easily we were able to come together and implement our new way of working, as well as the number of things that are now running even more efficiently than before. Thanks to the experience of our colleagues and the close relationships we have within the global network of our parent company Boston Consulting Group, our staff know exactly how agile and cross-functional teamwork should function.
With personal and professional lives having come to a standstill for so many of us, we obviously need to go much further than making purely organizational changes. As a manufacturer, you might have had to deal with delivery failures or may have concerns that they will happen in the near future. As a retailer, you have probably had to adapt to drastic changes in demand as rapidly as possible. And companies of all sizes and across all sectors now need to ensure that they safeguard their liquidity.
But in spite of all these critical challenges, remember that we at INVERTO are here to support you – swiftly and efficiently – with tailor-made solutions.
Act quickly and plan ahead
With your employees already or soon to be in lockdown, it’s important to keep it business as usual as much as you possibly can.
And even before there is any prospect of government measures being relaxed, it’s not too soon to look ahead and think about how you can come out of the crisis in the strongest position possible.
Three pillars of stability: liquidity, EBITDA, and supply chain
To remain viable during the coronavirus crisis, it is essential that you stabilize your liquidity, EBITDA, and supply chain.
As a general rule, try to keep things running as usual with your partners in the supply chain, so you can get back to normal as quickly as possible after the crisis.
1. Maintaining liquidity
Provide a stable foundation during the crisis and optimize your working capital for a return to normality.
2. Optimization of EBITDA
It is likely that not all of the revenue losses from COVID-19 can be recouped by increased sales after the lockdown. Find out how you can still improve your overall result.
3. Stability of the supply chain
In the Corona crisis, production capability has to be maintained. But after the crisis, it is pivotal to make the supply chain more resilient and sustainable.
Now is the time to set up strategic risk management, if you haven’t done so already. This involves:
- ensuring transparency across your supply chain
- identifying supply risks
- prioritizing requirements
- developing necessary measures
Our team is on hand to advise and support you in implementing risk management and any urgent measures to ensure that your business remains viable and able to supply.