Responding to the business impacts of COVID-19

As well as serious implications for people's health and healthcare services, COVID-19 (coronavirus) is significantly impacting businesses and the economy. At PwC, we are working closely to help businesses prepare and respond.

There are six key areas of focus:

Crisis management and response

Business continuity plans are feeling the strain under the COVID-19 outbreak. Testing of multiple scenarios, government policy and effective communication all play a part.

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Workforce

While health and wellbeing is the main priority, it's important to address challenges to our people and workforce as a result of COVID-19.

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Returning to the workplace after COVID-19

 

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Operations and supply chain

The ripple effects of the COVID-19 outbreak are widespread and hard to model and assess. But businesses can start to ease supply chain disruptions.

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Finance and liquidity

The current and potential effects of COVID-19 are difficult to assess and predict, but financial markets often watch how companies plan for and respond to events like this.

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Tax and trade

There are a range of business continuity decisions around cash flow, workforce and supply chain that businesses are making in response to COVID-19 that can trigger many tax compliance and tax governance considerations. 

Stay across the tax implications and business support updates as they develop with our live summaries and guidance.

Read more: Guidance on tax obligations and relief for businesses and individuals affected by COVID-19.

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Strategy and brand

As businesses shift from reacting to responding to the impact of the COVID-19 outbreak, strategies to recover stronger will come to play.

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Latest updates

 
  • The current COVID-19 environment is highlighting numerous workforce and employment challenges for businesses. There are high-impact actions you can take to support your organisation and employees, and minimise the negative impacts of COVID-19 to emerge stronger beyond the pandemic. 
  • Internal Audit has an important role to play in ensuring organisations maintain strong internal controls, especially during uncertain times. Businesses need to be much more agile and are faced with new challenges. Is the way we approach Internal Audit still valid or should it move to a more digital and agile function?
  • Around the world, governments and technology companies are exploring the use of COVID-19 contact tracing apps. PwC's Digital Pulse explores what they are and how they work. 
  • The focus for banks now is to start laying the foundations for the post COVID-19 economy - learn more about the four key areas of focus in our latest Banking Matters: Major Banks Analysis

COVID-19: the risks of easing restrictions at work

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25 May 2020 | PwC's National Health Analytics Leader Emily Prior looks at the risk of new COVID-19 clusters emerging as restrictions are eased.


Returning to work after COVID-19

Returning to work after COVID-19

As COVID-19 restrictions start to ease around Australia, companies and organisations will need to prepare to reopen their businesses. But bringing your people back to work is not as simple as flicking a switch. There are considerations through this transition period. At PwC, we’ve created some guidelines and considerations to help bring your people back to the workplace.

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Australia Rebooted: resetting Australia’s economy after COVID-19

PwC's Australia Rebooted: recovery of Australia's economy after COVID-19

COVID-19 has had a significant impact on businesses in just a few short weeks. The economy has taken a significant hit and the IMF has warned Australia could be one of the worst-hit economies in the Asian region. PwC has modelled two possible scenarios for Australia’s economic recovery and the key trade-offs for each.

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Contact us

Rick Crethar

Rick Crethar

Australian Global Crisis Centre Leader, PwC Australia

Tel: +61 2 8266 7809

Cassandra Michie

Cassandra Michie

Partner, PwC Australia

Tel: +61 2 8266 2774

Simon Gillies

Simon Gillies

Partner, Management Consulting Leader, PwC Australia

Tel: +61 3 8603 0754

Stephen  Longley

Stephen Longley

Partner, Deals, PwC Australia

Tel: +61 3 8603 3203

Sarah Butler

Sarah Butler

Partner, National Health Leader, PwC Australia

Tel: +61 2 8266 5091

Tom Bowden

Tom Bowden

Partner, Government and Public Sector, PwC Australia

Tel: +61 2 6271 3229

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