What should we be doing right now?
It’s an economic emergency. Every company is having to rethink what they do and how they operate. Together with AGM Transitions we’ve asked our networks to share their recent experiences. We’ve written three guides:
COVID – Responding to the crisis – Leaders Handbook
COVID – The Transformation Handbook
COVID – Remote Working Handbook
What happened?
Since I published my post on March 9th the world turned upside down. Covid-19 is a “big one”, certainly when considering the economic impact of the measures taken to stop its spread.
Couple that with the shocks to both supply and demand in the oil world and members of the Bestem Network have been left slightly shell shocked.
What will happen next?
We are starting to understand where we are – but we’re battling to understand where we will need to go.
As Gordon Ballard said in the FT on Saturday: “In the past, activity decreased then picked up again — each time, we saw it come back,” he said. “Now it’s not entirely clear if things just come back as normal. Everything has changed.” [Link]
For some context however I should point out that even with 30% drop in oil demand we are now only at the level that was normal in 1996 [Link]
What have I been up to?
Alongside my hour’s cycling, home cooking, housework and playing with electronics:
- Looking after my clients
- Contributing my skills to my community to innovate systems to support neighbours in need; and
- Working out what we have to do to come out of this ready for the next phase.
Stay Safe, together we will get through this.
