As the economic impact of the COVID-19 pandemic continues to unfold, we find ourselves in the midst of a unique situation, one which is impacting people, markets, and industries in severe and unpredictable ways. Scenarios change by the day, making it difficult to forecast the evolution accurately–and demand and supply have both been impacted at the same time.
The COVID-19 crisis – like all crises – will end. How it ends for your business will depend on the decisions you make today. Those that take proactive steps rooted in the time- and experience-tested principles of crisis management will have the greatest chance to weather the storm, create stability, and protect value through the recovery.
The COVID-19 crisis has thrown into stark relief the central economic reality of our times: disruption is the new economic driver. In recent years, cycles of disruption, which displace existing businesses, markets, and value networks in favor of newer models and relationships, have been occurring more frequently and with greater impact. They have emerged as the main force in the economy and the main strategic challenge confronting business leaders.
Many disparate yet interrelated forces are at the heart of disruptive change. The COVID-19 crisis clearly demonstrates how a single disruptive event can have a reverberating and amplifying effect across geographies, industries, and supply chains.
WHEN IT REALLY MATTERS
For nearly forty years, AlixPartners has helped businesses around the world respond quickly and decisively to their most critical challenges – circumstances as diverse as urgent performance improvement, accelerated transformation, complex restructuring and risk mitigation.
These are the moments when everything is on the line – a sudden shift in the market, an unexpected performance decline, a time-sensitive deal, a fork-in-the-road decision. But it’s not what we do that makes a difference, it’s how we do it.
Tackling situations when time is of the essence is part of our DNA – so we adopt an action-oriented approach at all times. We work in small, highly qualified teams with specific industry and functional expertise, and we operate at pace, moving quickly from analysis to implementation. We stand shoulder to shoulder with our clients until the job is done, and only measure our success in terms of the results we deliver.
Our approach enables us to help our clients confront and overcome truly future-defining challenges. We partner with you to make the right decisions and take the right actions. And we are right by your side. When it really matterssm.