Amidst the rising global inflation and economic downtrend post-pandemic, corporate organisations are still staggering through the current business environment with uncertainties of possible future pandemics.
To this end, the Financial Derivates Company Limited is organising an Economic forum themed “Corporate resilience: Economic recovery against unforeseen pandemics,” to bring together business leaders, policymakers and MSMEs to discuss building resilience amid crisis.
The forum is scheduled to hold on 5th December 2022 to drive conversations on the present economic outlook and propel dialogues that will explore measures that are needed to strengthen business organisations in preparedness for future uncertainties like the pandemic so that it becomes easier to overcome the crisis and begin the recovery phase.
“The economy and the business landscape, including large corporations focus on growth in revenue and business expansion,” Bismarck Rewane, managing director and chief executive officer, Financial Derivatives Company said in a statement.
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“They spend a lot of time and resources developing crisis management programmes with possible scenarios but not with the magnitude of the pandemic,” Rewane said.
“The shock has had an irrecoverable effect on the global economy with double-digit inflation in many countries as never seen. As economic stakeholders, we can dialogue to find ways in which businesses are prepared for such situations so that their recovery is less painstaking,” he added.
“Is the pandemic over? Would it reoccur? Will there be equitable economic recovery for all corporates? These are questions without certain responses. Indeed, these are the uncertainties we must prepare for and that will form part of the conversation this forum hopes to drive.”
The global pandemic outbreak led to a crisis with significant losses in the global economy. It reminded us of the fragility of the economic institutions and the business landscape, particularly in Nigeria where the cascading collapse of the entire production, financial, and transportation systems, due to a vicious combination of supply and demand shocks witnessed.
Some businesses are struggling to absorb the shock generated by the pandemic while others many never recovered.
