Actions for Business Continuity and Quality Assurance Following COVID-19 Crisis

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There has been a lot happening around the world after the outbreak of the COVID-19 pandemic, especially in the business sectors. While companies all around the world are coping with the crisis in their own way, what is most needed to ensure business continuity is to build resilience and engage in proactive decision-making. If your business has a quality assurance certification such as ISO 9001 certification, then you must use the certification to show that you still commit to quality management despite the constraints of the global pandemic. The economic impact of the COVID-19 crisis is expected to prevail for a long time, therefore, your business should carefully plan survival strategies and continue operations while prioritizing people’s safety.

Here we are presenting some key measures for a company owner to consider when their business is heavily impacted by COVID-19.

Prioritize Safety for Employees

The first step to assure business continuity during a global health crisis to protect the health and safety of the employees. They might be looking for guidance on safety and assurance from their employers while coming back to work. To address the concerns or apprehensions regarding COVID risks, adjust your occupational health and safety (OH&S) policy and HR administration. Provide flexible work arrangements that allow certain employees to work from home. According to the health regulations provided by WHO and other central authorities, ensure your company’s health policy includes regular health screening, provisions for personal protective equipment, and medical insurance to support the employees’ wellbeing. 


Remodel Your Business Strategy

Adhering to the guidance of a quality assurance services provider is the key to success for any business, irrespective of its size or industry. They are the ones to help you with strategies to survive amid the pandemic while delivering services or products of high quality to the customers. It can be difficult for businesses to cope with the restraints in their resources (such as workforce, energy resources, raw materials, logistics support, etc.) while the COVID-19 crisis has also plagued caused difficulties with transport, trade, and manufacturing activities. You need to seek expert advice from quality assurance experts to reshape your business’ strategy and make it competent enough to help with COVID challenges. Some critical aspects to consider while reforming the strategy are short-term liquidity, financial and operational risks, alternative logistics, and a health risk assessment.

Communicate with Everyone

Whether it is your employees, the investors, or regular suppliers, everyone is a little panicked. Therefore, communicate with everyone involved with your business to let them know that you are implementing preparations and modifications to ensure their safety. Communicate the new policies and concerns with health risks, financial plans made to cope with revenue downturn, and strategies made to revive supply chain functions. A precise and regular flow of information to every related agent will facilitate transparency in the business and everyone can collectively know how your company is promoting solutions to overcoming the COVID challenges. This way, you can also give relief to your employees, suppliers, and distributors and ensure they continue performing well and deliver your services or products to the market on time.  

Seek Unconventional Financing Sources

Disruption in the business earnings and a gradual decline in capital income are expected due to the ongoing COVID crisis. You need to be prepared for this scenario, so consider getting a low-interest bridge loan or a disaster loan. Even if your business does not need it later, you as an owner will get some peace of mind. Besides, having a short-term financial loan will help balance your capital structure.

Bottom Line

The organizations that manage to reshape and reorganize their ways of functioning, provide protection to the workers, and operate with transparency has the highest chance of thriving amid the COVID pandemic. Having quality assurance certification is necessary for this reason! It gives organizations a chance to sustain their commitment to quality while continuing the business operations. The aforementioned measures will help organizations with their recovery from COVID restrictions, and the delivery of quality products or services.

Also Read: How to Make Your Management System Ready for the COVID-19 Crisis


Contact Details:

Business Name: Compliancehelp Consulting, LLC

Email Id: info@quality-assurance.com

Phone No: 877 238 5855

Location: 5686 S Redwood Rd, Salt Lake City, UT 84118, USA

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