The COVID-19 pandemic has led to challenges for companies of all sizes and across all industries. And many lessons have been learned throughout this experience. The key, now, is how your company can rebuild revenue and continue to recover as we move into the final months of 2020.
Whether it’s managing your supply chain, keeping a pulse on talent management and progress on returning to the workplace, overseeing cybersecurity defenses or simply determining the best way to have a virtual shareholder or board meeting—there are many lessons learned along the way.
Our Emerge Stronger videos are designed to offer practical advice about how you can take the lessons learned from the pandemic and turn them into valuable insights you can use in your board oversight role.
Supply chains have become increasingly important in corporate boardrooms in recent months. Boards of directors can and should encourage their management teams to build supply chain resilience by identifying and addressing risks that may be lurking beneath the surface. PwC partners Paul DeNicola and Kevin Keegan discuss this subject, including why different industries often face different supply chain challenges.
The global pandemic and economic recession are changing the M&A environment. But that shouldn’t scare companies away from considering acquisitions and potentially divestitures. Careful oversight and smart questions from the board of directors can help. PwC partners Paul DeNicola and Carina Markel shed light on this important topic.
What corporate boards need to know about deal dynamics.
Amid the global health crisis, cybersecurity is a top of mind issue for corporate boards, especially as companies face significant increases in cyber attacks, ransomware and business email compromise. Boards of directors should consider associated risks and resulting changes related to the acceleration of digital transformation, acceleration to the cloud, and the shift to work from home. As part of a forward-looking strategy, corporate boards should also consider lessons learned to integrate into future crisis management plans to drive resiliency.
The global health crisis has created an increased focus on talent, purpose, a culture of trust and empathy, and technology enablement in a remote environment. Changes in customer requirements have resulted in the need for accelerated business changes, including leveraging technology more agiley to meet customer demands and reskilling employees to adapt to the new environment. Boards of directors should consider how the business strategy addresses needs for new skills, resiliency at all levels, and the mental health and safety of employees. Additionally, corporate boards should be asking management about a return to work strategy and the management of physical space—including employee safety, capital investment, and the potential downsizing of corporate real estate.