This is the first in a series of four webcasts presented by Dr. Chris Kuehl, Managing Director at Armada Corporate Intelligence, on the economic impact of the coronavirus. The steps that have been taken around the world will at some point bring the coronavirus under control, and then it will be time to survey the damage. We are already in a recession so the questions now are how long do we stay there and what do we do to climb out? The "good" outcome has recovery underway by the third quarter. The "bad" outcome holds the entire year will languish. The "ugly" scenario changes the path of the global economy for years. This session explores the options and what companies can do to prepare including:
Where is the virus threat now?
What is the current economic impact: A review of what has been happening with supply chains, the overall market, consumer spending and reactions to the isolation attempts, as well as a review of what steps have been taken by the Fed, Congress and the like.
What are the options from this point? What does a "good" outcome look like and what has to happen to get there? What constitutes a "bad" and an "ugly" outcome and what will signal that we are headed for either of them?
What can be done: A review of likely options and strategies to survive the worst of it and to be ready for a recovery of some kind at some point.