Corona: Strategy

Even if the legislators temporarily suspend the obligation to apply for insolvency proceedings and the government’s liquidity measures are effective, operational losses will still leave their mark on companies’ annual financial statements. At the same time, there will be long-term changes in framework conditions due to the coronavirus pandemic and the upheaval already foreseen. For example, we are already seeing changes in supply chains, with cost considerations no longer determining their structure. Therefore, beyond the immediate restructuring, business concepts will need to be rebalanced. This goes beyond operational and financial restructuring but may be based on proving prospects for recovery. Although difficult when dealing with the immediate effects of the coronavirus pandemic and the overall management of a company in crisis mode, it is important not to lose sight of your future business concept.

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