Top Considerations for CFOs to Build an Effective COVID-19 Finance Response Strategy
It's clear that the economies around the world, have come to a halt—with some industry sectors experiencing greater impact than others. For example, TCS research around current marketplace dynamics show that industries like travel, transportation and hospitality have been heavily impacted. By comparison, the utilities sector has been moderately impacted and biotech firms have been mildly disrupted.
Many CFOs will be tempted to take quick, reactive cost-cutting measures, but finance leaders should also consider implementing a strategy designed to manage short- and medium-term business impacts from COVID-19 as well as planning for longer term market recovery.
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