3 September 2020: Worldwide economic activity will see a strong rebound in the latter part of 2020, but according to leading economists this masks underlying issues for the long-term recovery, with global trade particularly in the spotlight.
Supply chain disruption
Global supply chains have been significantly disrupted by the coronavirus COVID-19 pandemic. This page collects together ICAEW insights and externally-produced resources which offer practical advice on how to mitigate supply chain risks, the financial impact and contractual issues.
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2019 seemed particularly bad for large-scale disruptive events, and it was, until 2020 and COVID-19 came along.
The pandemic has shown the supply chain model needs updating
16 July 2020: The coronavirus pandemic has fundamentally reshaped the UK’s economic landscape. Small business advice specialist Jon Scopes believes SMEs must react, restructure, and rebound to survive and thrive post-lockdown.
15 July: ICAEW speaks to Richard Betts, Director, Sustainability Services Turkey at KPMG, who explains that as sustainability grows in importance it can be strengthened and redefined by post-COVID global recovery efforts.
26 June 2020: The pandemic increases the risk of modern slavery practices across supply chains, but it could be a chance to do more to eliminate it.
25 June 2020: With the COVID-19 pandemic potentially increasing the prevalence of modern slavery and human trafficking, now is the time to strengthen requirements.
23 June 2020: The London Metal Exchange (LME) has responded to market demand for the ethical and environmentally responsible sourcing of metal. We find out how.
22 June 2020: as the UK government debates changing social distancing rules, Stephen Huyton explains the country’s more relaxed approach to lockdown.
Global stocks mostly rose in May, as the world edged closer to the end of lockdown and central banks manifestly affirmed their promises to help the global economy recover as soon as possible, flooding the market with liquidity.
Guide from Deloitte discussing how companies can shift from responding to recovering from coronavirus disruption. It presents recommended actions across key operations: risk management, business continuity and cashflow; leadership and employee well-being; markets and customers; restarting and synchronizing supply chains.
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