Along with the health and economic crisis caused by the COVID-19 pandemic, Alberta business leaders from all across the province are facing enormous business challenges: the collapse of customer demand, federal & provincial restrictions, supply chain uncertainties & disruptions, unemployment, and increased fear among Albertans regarding the health situation.
All of these factors require businesses to take a forward-thinking approach. Like the health and humanitarian sides of the crisis, the business side needs ways to survive and recover. Generally speaking, adhoc responses may not work; both small and medium-sized businesses in Alberta must lay the groundwork for their survival and more importantly their recovery.
The Government of Alberta and Government of Canada are providing some immediate financial relief for businesses, however, businesses must take a forward-thinking approach.