COVID-19 effects & next steps for your global business: experts weigh in on Twitter

27/03/2020

Closed Coronavirus sign on window of business

Closed Coronavirus sign on window of business

It’s simple really. This is a very difficult, confusing, and stressful time for everyone, not least of which business owners. To get some answers on the tough issues businesses of all shapes and sizes are facing right now, we assembled a team of experts to provide advice and resources on Twitter. Read the highlights below and follow the links for more information.

Stay safe and healthy. We’re all in this together.

Topics covered:

Panelists:

Audrey Ross, CITP (@TresAudrey) Logistics & Customs Specialist at Orchard International Inc., based in Toronto, Canada
Sarah Barnes, (@BeVictoryus) CITP Director at Victoryus Inc, and host of Let’s Talk Supply Chain podcast, based in Mississauga, Canada
Bernadette Fernandes (@on_the_varanda) Founder & CEO of the Varanda Network, based in Saint John, NB, Canada
Emiliano Introcaso, CITP (@Introcaso) Export Advisor at Export Development Canada (EDC), based in Toronto, Canada
Cathy Morrow Roberson (@CMRoberson06) Founder and Head Analyst Logistics Trends & Insights LLC, based in Atlanta, USA
Mark Agnew (@Mark_Agnew) Senior Director of International Policy at the Canadian Chamber of Commerce, based in Ottawa, Canada
Irina Rosca (@sustainSCM), Director of Supply Chain and Customer Success at Helix, based in San Diego, CA

Why don’t we start by getting it all out on the table.
What are the biggest challenges your business is facing today?

What can businesses do today, in the middle of this crisis, to mitigate the effects of COVID-19 on their company?

Cashflow and payment risk are major issues for most businesses right now. How can businesses reduce this risk and get access to $ they need now?

What kind of conversations do we need to have with our vendors, 3PL, customers, accountants, lawyers right now?

What are some global resources businesses can tap into to manage this level of disruption?

How can businesses prepare now for the next 6 months to a year? What have we not thought of yet?

Let’s look on the bright side to end today’s chat!
What, if any, are the silver linings with this crisis? Are there any positives coming out of this today? What about looking ahead to the future?

Read the rest of the chat and join future discussions by following the #TradeElite hashtag. And stay tuned for the next #TradeElite chat, coming up Thursday, April 16 at 2:00-3:00PM ET, and if you haven’t yet, join us on Twitter at @FITTNews.

Disclaimer: The opinions expressed in this article are those of the contributing participants, and do not necessarily reflect those of the Forum for International Trade Training.

About the author

Pamela Hyatt

Author: Pamela Hyatt

I am the Content Marketing Specialist for the Forum for International Trade Training (FITT). You can find some of my work on TradeReady.ca. My background is in copywriting, journalism and social media. My passion lies in connecting people to the stories that are most important to them.

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