Forty six percent of respondents said customers have stopped or reduced purchases as they are from a region affected by the virus and 40 percent said they were experiencing cash flow problems hitting business viability. Findings also showed 43 percent thought their organization’s business continuity plan allowed them to respond effectively to the virus-related disruptions. The research also reveals 76 percent of respondents have done a financial reforecast for 2020, compared to just 53 percent globally. Ninety percent of those having done a reforecast say the likely outcome will be negative revenue growth. For business leaders, the majority say that the uncertainty over the extent, duration and scale of the Covid- 19 outbreak impacts their ability to establish reasonable reforecasts.

Source: The Standard April 14, 2020 10:26 UTC