Cristina Vigilante, Edward Farrelly, Steve Hutchinson, SekSeong Lim, Joan Collar, and Dennis Dalati
As the COVID-19 pandemic continues with far-reaching effects on businesses around the world, real estate and construction companies are concerned about the implications for their operations and workforce.
The real estate industry is faced with questions on how to preserve value and liquidity, while keeping facilities, tenants, visitors, and workers safe, in compliance with regulatory requirements. The construction industry, on the other hand, is challenged with project delays due to shortage of labor and materials, arising from new measures by some governments to stem the spread of the virus and also from supply chain bottlenecks.
To successfully navigate a pandemic, organizations need to develop responses tailored to their business, industry, and risk profile. Marsh’s Pandemic Response Cycle tool can help organizations through the key stages of a pandemic: outbreak, growth, disruption, and recovery. In addition, it can help organizations determine effectiveness in: cost savings, employee well-being and productivity, shifting risk profile, and risk management and business enablers.
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