FTI Consulting COVID-19 Response Team has assembled a list of industry-specific questions organizations should be asking themselves during this challenging crisis.
Automotive
- How are you compressing costs given the reductions in volume in the OEM markets? Learn more
- Have you modified your current business plan based on the potential dip in volume now, while anticipating future recovery? Learn more
- Do you have adequate levels of supply chain visibility to spot potential disruption before it happens? Learn more
Construction
- What action should you take if a vendor or client suspends or terminates a contract because of the pandemic? Learn more
- Which segment of the construction industry will be impacted most by the pandemic? Learn more
Diversified Industrials
- How are you reassessing the impact of the crisis on your sales outlook across the various segments of your business? Learn more
- Have you reassesed your near- and mid-term business plans based on the current scenario and post-crisis? Learn more
- What are the risks to the manufacturing industry? Learn more
Education
- With learning moved on-line, how do I address my needs for the summer and fall terms given all the uncertainty? Learn more
- How do I budget for 2020-21 with all the uncertainty around enrollment, staffing, and reduced investment income? Learn more
- How do I address anticipated demands for student refunds around tuition, room and board, etc.? Learn more
Energy, Power & Products
- Which regulatory, tax, and other reforms might help power markets perform more efficiently now, and after the crisis? Learn more
- What effect will the crisis have on fuel extraction, processing, and distribution sectors? Learn more
- How will a recession impact the evolution and economic competitiveness of renewable energy technologies? Learn more
- What are the net effects of lower (and fluctuating) energy prices, especially for petroleum products, across the U.S.? Learn more
Financial Institutions
- How are you managing the inevitable delays to your ability to file regulatory reports on time? Learn more
- How should I allocate staff given there are fewer loans being made, yet much more work servicing non-performing loans? Learn more
- How do I model and manage loan delinquencies and pre-foreclosure actions in this unprecedented time? Learn more
Food & Agriculture
- Do you have multiple supply sources for critical packaging and ingredients (expeciially those that are imported)? Learn more
- Are you conducting new analytics to determine consumer behavior or are you relying on past data? Learn more
- What is your contingency plan if the migrant labor pool dries up entirely? Learn more
Healthcare & Life Sciences
- How should we plan for drug shortages and a lack of medical supplies? Learn more
- How do we maintain business continuity and manage a productive remote workforce? Learn more
- How do we forecast cash flow and accelerate cash in the revenue cycle? Learn more
- What should we do today to be ready to reopen elective and ambulatory access after the crisis? Learn more
- How can we take advantage of recent telehealth regulatory relaxations and plan for expanding our use of telehealth in the future? Learn more
Hospitality, Gaming & Leisure
- What is the best strategy for managing the unknowns around cash flow, unions, and lenders in hospitality right now? Learn more
- When will it be practical to reopen my movie theater, and can I expect federal support? Learn more
Insurance
- How is the insurance industry expected to respond to COVID-19 related claims? Learn more
- What are the expected claims, cash flow needs, etc., among self-insured plans in this unusual year? Learn more
- How will self-insured plans impact diligence and valuation, not to mention my balance sheet? Learn more
Media & Entertainment
- What lessons from the 2008 recession can we apply right now as ad-buying and TV production declines? Learn more
Mining
- How does a mining company in particular apply for assistance under the proposed stimulus package? Learn more
- Have your mining company explored the wide variety of options for assistance in the proposed stimulus package? Learn more
Public Sector
- How will global trade dynamics shift in this new era? Learn more
- Revenue fallout is coming — what expenditures should you prioritize this fiscal year, and in subsequent years? Learn more
Real Estate
- What are the implications for real estate taxes, stimulus, and business disruption claims you should anticipate? Learn more
- How should I address dividends, should I drop my REIT, and what are my obligations to my employees? Learn more
Retail & Consumer Products
- Retailers, is now the key moment to ramp up your direct-to-consumer strategies? Learn more
Technology
- Now or later, enterprise software companies are at risk from erratic capital markets. Are you testing out contingency plans? Learn more
Telecom
- Have you used lessons learned in the early stages of the crisis to stess-test your future operating procedures? Learn more
Transportation
- What is the expected economic fallout on the transportation sector in the long run? Learn more
- Keeping freight shipments secure is still high priority — is your company handling its responsibility adequately? Learn more
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
