Will a new economic crisis emerge?
How severe will the effects be of the Corona virus? And what can you do about it?
While the Corona virus is still spreading, the stock markets are plummeting and The Netherlands is in a semi lockdown. Will a new economic crisis emerge? And how deep will it be?
At the moment, no one can say for sure. Nor how long the Corona crisis with last. But that everything will already have consequences for many (smaller) companies seems inevitable. How do companies keep their head above water in difficult financial times, without having to cut staff, for example?
One of the things you can do is working on process optimization. Not only during a crisis, but always, actually. It is remarkable that usually this is one of the first things that will be cut on, when things go bad. With a more efficient production, you can save enormously on costs and increase profits. This way you will hopefully bridge difficult times of crisis.