Clyde & Co is a global law firm advising companies, governments and international organisations in every aspect of COVID-19. We are committed to helping businesses worldwide prepare for the pandemic's effects on their daily operations.
The COVID-19 outbreak is a sharp reminder that pandemics, like other rarely occurring catastrophes, have happened in the past and will continue to happen in the future. Even if we cannot prevent dangerous viruses from emerging, we should prepare to dampen their effects on society. The current...
Stats SA released a survey about the effects of COVID-19 on the formal businesses' turnover from March 30 to April 13. The businesses responded to the impact on their trading, workforce, imports and exports, purchases, prices and business survival. "Most businesses (65 percent) anticipate tha...
It's been over six months since COVID-19 was declared a global pandemic. As we reported in March, the initial impact was painful on businesses. But now, six months in, businesses appear to be adapting to the new normal. Digital t...
To explore the impact of coronavirus disease 2019 (COVID-19) on small businesses, we conducted a survey of more than 5,800 small businesses between March 28 and April 4, 2020. Several themes emerged. First, mass layoffs and closures had already occurred—just a few weeks into the crisis....
While "billions will be lost in the wellness industry in 2020 because of months of shuttered brick-and-mortar businesses,” said Beth McGroarty, vice president of research for theGlobal Wellness Institute, “at the big-picture, long-term level, the case for the wellness concept and wellness ...
The aftershocks of the COVID-19 pandemic continue to rock the global economy. Following the shutdowns of 2020 and the supply chain challenges of 2021, another wave of disruptions is now breaking over businesses around the world: rising input prices. Accurate cost models and advanced digital oper...
As such, firms are either presently facing or foreseeing substantial limitations on cash and WC, involving a probable liquidity upheaval.3 Following this, Barclays released a report indicating that the COVID-19 pandemic has had an intense effect on businesses, particularly, their cash conversion ...
COVID-19 has caused many businesses to close and loss of livelihoods. A recent survey shows80% of US businessesexpect the COVID-19 effects to continue for the next 16 months. Meanwhile, 90% of the companies are planning for an economic slowdown. ...
However, it is worth noting that the pandemic has also had some positive effects on the global economy. For example, the pandemic has accelerated the adoption of new technologies and digital transformation, which has led to new opportunities for businesses and workers. The pandemic has also highli...