As the COVID-19 situation evolves, Ireland and Irish businesses are feeling the human, social and economic implications. As domestic and international responses develop, how can you prepare your organisation and respond with confidence?
Businesses in Ireland are responding to significant challenges and must continue to manage and mitigate the disruption that COVID-19 is causing to every aspect of their operations.
To support you as you respond to the ongoing impact of coronavirus, we've gathered our practical insights and guidance together in one place. From updates on the latest Government support, and webcasts on where to focus your strategy over the coming weeks and months, we are here to help.
As the scale and nature of the disruption that the coronavirus pandemic continues to evolve, what are the key areas that Irish businesses should be focusing on, and how should they respond to the uncertainty that faces them?
The way you respond to COVID-19 will be the key to maintaining confidence and continuity in your business and its operations. You can position your business today to thrive tomorrow.
The welfare of employees is the key priority for Irish businesses, but there are other workforce challenges to address:
The effects of the COVID-19 outbreak are particularly felt by organisations dependent on supply chains for their products and materials. Where there are areas of stress—such as items coming from an affected area or shortages—you need to act quickly.
Organisations are experiencing significant operational, financial and liquidity challenges as a result of COVID-19. A priority for businesses is managing cash pressures to help you sustain and succeed in these uncertain times. It is critical that you:
Navigating complexity and risk during COVID-19 takes more than an understanding of tax and regulatory systems. It is critical that your tax function considers the broader economic, political and societal context you operate in and make informed, compliant decisions that drive your operations forward.
As your business moves from reacting to mitigating the impact of the outbreak, you should consider strategies to emerge stronger post COVID-19.
Partner, PwC Ireland (Republic of)
Tel: +353 1 792 8304