Companies around the world are affected by the negative effects of COVID-19. So that managers can prepare in the best possible way and at the same time protect employees, Porsche Consulting recommends a comprehensive Respond & Recover strategy. How to navigate your company safely through the crisis is described by our 12 recommendations for action.
The COVID-19 crisis affects all areas of life worldwide. This is also reflected in changed consumer behavior: the impact on demand for everyday goods is severe. Everyone is familiar with the pictures of empty shelves in supermarkets from the last few weeks. The consequences of the crisis vary greatly depending on the product category, from extremely high demand to a complete collapse in sales. This makes it all the more important for consumer goods manufacturers to now take the right measures quickly. Porsche Consulting describes how risks in the supply chain should be minimized and the product portfolio volume adjusted in order to maintain control in the current situation:
Due to the COVID-19 lockdown in China almost all stationary retail had come to a standstill. But as China is weeks ahead of most other countries and slowly ramping up business again, it gives us the perfect opportunity to evaluate measures to reboot retail here as well.
COVID-19 has very different impacts on the various mobility offerings. Together with the urban mobility platform provider Trafi, Porsche Consulting analyzed the effects of the crisis taking Germany’s capital Berlin as an example: While public transport was affected most and fell by nearly 92%, other modes such as bike sharing increased slightly by 8%. A number of immediate and sustained actions offer MaaS providers and public transport companies guidance on how to react to the crisis.
The COVID-19 pandemic has hit businesses and supply chains all over the world. Stabilizing the supply chain is one of the main challenges for many companies. In addition to understanding the impact of the crisis and mastering the challenges it presents, it is important to start early in developing a strategic master plan for reactivation of the supply chain and investment in resilience. The end of the crisis is the right time to lift the supply chain up to a new maturity level e.g. driven by digital technologies and AI solutions.
COVID-19 has globally highlighted the drawbacks of low adoption of digital health technology. However, it has simultaneously demonstrated that there are plenty of opportunities for improvement. To leverage these opportunities, APX and Porsche Consulting show four paradigm shifts that must be sustained even after the crisis subsides.
In addition to the concern about the impact on human health, there is great uncertainty about the economic developments resulting from COVID-19. There is no hard evidence about the way how the virus will influence the global economy over the course of the next months – several scenarios are possible. However, five types of business model transformation can be anticipated. Companies need a comprehensive approach that allows them to continuously review their current business model and to derive potential strategic actions: from designing new digital services to considering alternative pricing strategies.
The COVID-19 pandemic has just started to hit construction businesses but is already showing that there are exponentially increasing threats the longer the crisis lasts. Understanding these potential impacts on the situation today, the stabilization phase and then in “the new normal” phase is essential to master the crisis. For this reason, construction companies need a comprehensive approach that allows them to precisely react to the crisis-related constraints and derive effective actions to prepare their businesses, projects and sites in the best possible way. By focusing on four Ps, companies can maintain control of the current situation and derive the right actions to master the crisis.
Executive Director Automotive
Phone: +49 (0) 711-911-32300
Corporate Development, Industrial Goods
THE SQUAIRE 23
60549 Frankfurt am Main
Dr. Matthias Tewes
Moosacher Straße 84