Business and economic recovery after COVID-19

As COVID-19 restrictions ease, businesses reopen and people start to return to workplaces across Australia, it’s time to shift from response to recovery. At PwC, we’re working closely to help businesses on their road to recovery.

There are six key areas of focus:

Crisis management and response

Key issues business leaders should consider as they plan for recovery post-COVID-19.

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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

As business starts to resume and we adjust to a new normal, CFOs will be grappling with many questions. The Australian and global economic outlook will both have significant finance implication. Organisations will in particular have to focus on scenario planning as well as continuing to manage day to day operations and financial and regulatory reporting obligations.

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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

 
  • From accelerated digitisation to diversification of supply chains, how can retail and consumer businesses emerge stronger? This industry will be a critical indicator for the health of the Australian economy as we emerge from COVID-19. 
  • How will we adapt to life after the pandemic? The world was already facing a set of grave challenges prior to COVID-19. Now, with the economic effects of the pandemic being felt, those pressures are increasing. But there is hope in opportunity.
  • It will be some time before we know the full impact of the pandemic’s disruption on the learning outcomes of our students. But the steady decline in education outcomes over the past two decades means added pressure for our education system
  • As people continue to work from home – and in light of recent lock downs in some suburbs – what is the impact of long-term remote working on the livability of Victoria’s suburbs? Find out more in our latest CityPulse analysis, Future Victoria.  

How GST reform can help reboot prosperity for Australia

Where next for Australia's Tax System? How GST can help reboot prosperity for Australia.

Our latest projections show that reform of the Goods and Services Tax could deliver Australia a revenue boost of between $14 billion and $40 billion, stimulating productivity and economic growth and enabling the abolition of less efficient taxes. Our report proposes four different reform scenarios to help address fiscal issues as well as structural challenges and inequities in Australia’s tax system.

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Australia’s mental health in the age of COVID-19 and beyond

Mental health of Australians in the time of COVID-19

As the second-order impacts of COVID-19 emerge, the challenge for Australia will be how to nurture and maintain the mental health of our communities nationwide. How can Australia continue leveraging this positive momentum and willingness to act in the post-peak phase?

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Maintaining health, safety and wellbeing returning to workplaces

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2 July 2020 | The newly blurred lines between work and home have delivered a short term boost in productivity. PwC's National Health Analytics Leader Emily Prior makes the case that this means employers need a renewed focus on wellness to safeguard that productivity for the long haul.



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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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