
This webinar took place on Wednesday 24 May 2023
In the past two years, businesses have dealt with a series of shocks. The pandemic hit at an est. cost of £134bn to UK businesses. Suddenly, many important questions had to be answered; Was there enough cashflow to keep operations going and mitigate financial solvency? How best to digitise business processes and the workforce to operate remotely? How to retain the great exodus of employees and ensure their mental and physical wellbeing?
Governance evolved and businesses survived. But still, businesses are facing a whole range of geopolitical and macroeconomics shocks felt from sources such as the pandemic and the Russia-Ukraine war. Global supply chain faces continuous challenges, simultaneously inflation is at over 10.7%, the highest in 40 years. BoE increased interest rates by a hefty 3% in 2022 with stern warnings of an impending recession, inevitable to further fuel the current cost of living crisis.
All of this while the climate crisis rages forward. Businesses evolved and modern governance is a new imperative. C-suite needs to have a detailed view of the microenvironment of their business if it’s to remain agile and robust. Our expert panel and your peers discussed: