When will coronavirus be over

Making the most from the opportunities posed by the coronaviRus pandemic with BusinessRiskTV

Hopefully not all the effects of the coronavirus pandemic will ever be over. The pandemic has given the world a stop clock to look at life in business in other ways. Hopefully a vaccine will be developed to stop people dying but we have been given a once in a century opportunity to change for the better.

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We may actually need more than one vaccine

Covid19 should really morph into something less or more deadly to survive and prosper so wherever we are we are a long way from returning to normal.

Instead of returning to normal and life in business being forever harder it could be easier and better.

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It is looking more likely that our leaders want to get back to business as usual not Business 2.1. This is understandable in terms of the complexity of getting over the worst of the pandemic. However all disasters present opportunities to change to transform into a better version of life in business.

For example around 40 percent of people in UK are still working from home compared to prepandemic rate of around 12 percent. One effect of this is to increase cost of working in short term but could it mean reduced costs of working in long term. Was it really necessary for so many people to commute to an office to work?

If the new normal postpandemic was 20 percent working from home it would mean the rest would commute every day as if it was the school holidays. Imagine how much easier that would be for all workers speed of distribution and the environment.

However that would destroy the value of many office blocks and some investments. Many of the UKs biggest property funds are frozen stopping investors withdrawing funds through fear the funds would collapse. How do you value assets post pandemic if people totally change their way of working.

How will retail recover? Will the High Street ever recover? Most retail experts feel that the world of retail may have changed forever. The virus may have turbo charged what was changing anyway but retailers and property valuations have now changed dramatically if society has changed irreversibly.

Our pension funds are no longer based on assets that are the same value. Will the value recover? It will but it will recover by basing investments in underlying assets fit for the purpose of the future not the past.

We may create a vaccine or vaccines for Covid19 and any morphed versions thereof. However if we are determined the impact of the virus will never be over. In a good way!

Could business leaders:

  1. Continue to offer takeaway services or do deliveries from their restaurants?
  2. Manufacture different products in addition to their core business products?
  3. Maintain and hold on to local suppliers instead of using overseas suppliers in diversification of supply chain lines?
  4. Explore online sales development to be more profitable?
  5. Hold on to cost cutting measures to grow profit?

So much good and bad will flow from the pandemic. It is important not to miss out on the good as well has mitigate the bad. What opportunities and threats are in front of you will depend on your industry and perhaps location.

Now is the time to take the best strategic risk management decisions to come out of the coronavirus pandemic stronger than when you went into it

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BusinessRiskTV When Will The Coronavirus Be Over

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News opinions analysis reviews and activism with local and global people. Sixth generation movement to power 4th industrial revolution faster cheaper better. Connecting the world to achieve more with less.

6G Today Tomorrow and Everyday Thereafter

How do we improve on yesterday so that today and tomorrow is better and more cost effective. What is it that we have that is good?

  • What could be better?
  • Why is it not working now?
  • How are we going to change things?
  • When will we achieve enough is good enough?
  • Where do we need to act?
  • Who can help us move forward?

Striving for perfection is not our goal. Do not let perfection be the enemy of the good enough. Focus on making realistic changes for the better happen. Dreaming of a better world tomorrow does not make the real world good enough today.

Practical action to progressively improve the world we live in

Most people in 3rd world countries are not interested in woke words. They simply want to live better tomorrow than they did today. Most peoples 1st world problems could be alleviated with a holistic approach to good business management and lifestyle choices.

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Fourth Industrial Revolution Latest News Commentary and Risk Review

Aspiration to live better wherever you live in the world can be fulfilled by solving all our problems together at once not by a piecemeal approach. Good words do not put food on the table or a roof over your head. Sodding your neighbour does not protect you from destroying everything you have built around you.

People can work together for common good

We do not need to be in the same country culture or place to work as a team to achieve what we want for ourselves. Getting what you want can help others to get what they want out of the investment of time.

Putting up trade barriers does not work for the builder of walls. Forcing people to be in your gang does not make progression towards goals fast enough. Seeing the mutual benefit at the end for all people on the bus does.

Our holistic approach to making decisions for the common good will be successful for all who lend support

If you put your shoulder to the wheel you can reap the rewards from the effort.

We are not looking for constant companions but do seek constant progress. Moving it forward a little everyday is better than big leaps now and again. We do not need to be beside you for every step but would like to be with you at the end of the journey. We can achieve more together than on our own.

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Global Risk Report Discussion Analysis and Review On BusinessRiskTV

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BusinessRiskTV Collaborative Business Solutions. Do you want to create more time for your business to grow faster with less uncertainty? Faced with a small budget for business protection and growth would you choose an online group session with other business leaders to save time and money? It is an idea some business leaders are investigating

Group online sessions solve common business problems faster and gives business leaders chance to collaborate with other business leaders with same attitude to business development and protection.

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Demand on business leaders time outweighs time available to manage all business risks cost effectively. In recent years the speed of change in the business environment has accelerated putting increased pressures on business leaders wearing many business responsibility hats.

In addition many businesses have complex business systems and business needs which can make finding the best business solutions more difficult to identify.

The traditional one to one business consultation can be prohibitively expensive and the business problem can seem unique when in fact it affects many businesses.

With limited risk management funding or possibility of employing inhouse risk management expert specialists business leaders may need to find innovative ways to find best business solutions quickly within available budget.

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Business leaders collaborating on solving business problems together faster and cheaper

Many businesses have the same need for commercial insurance cover and other solutions to protect the business that do not involve insurance. Most if not all business want to increase their opportunities to sell more and increase profitability. Business leaders may seek advice from risk management experts independently to advise on managing such business risks.

Instead of seeing a risk management consultant or business adviser on your own you could get together with a group of other business leaders needing to discuss the same business problems.

If a group of up to 10 business leaders came together with the same business problems could they share experiences to solve risk management problems faster and potentially cheaper?

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BusinessRiskTV risk management network partners facilitate online business leader meetings. The risk management facilitator gathers together business leaders with the same or similar business problems problems before the online meetings. The risk management facilitator also compiles a list of questions the participating business leaders want to ask the group that will include attending and participating risk management experts.

The collaborative group of business leaders and risk management experts will know the business problems to be focused on and details of the businesses involved in the online discussion ahead of the online meeting. This will enable attendees to be aware of the potential value of the meeting to them and prepare for the meeting. The participants in the online problem solving meeting must not only prepare to solve their business problems but must be prepared to help share solutions to help other attendees problems.

Sharing problems and helping solve others problems is the purpose of the meeting.

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The problem solving group may well discuss sensitive issues. This does not need to constrain those attending. Trust quickly develops as participants quickly realise they are not alone with their business problem and that they are talking to people who have already solved their problem. You create a bond with your fellow business leaders. The more you open up the more you get out of the meeting for your business. The sharing of experiences with other business leaders can be empowering.

The aim of the collaborative online meetings is to quickly find solutions to business problems to save time and money for the participants. Participants access more practical problem solving information that has worked already. The meetings help business leaders to more cost effectively use their own time and resources in solving their business problems and the business problems of others. As they are common problems experienced by all those attending then common solutions that actually work well will come to light without the need for discussion duplication.

You may prefer a one to one meeting with a business risk management consultant if you have the budget. However why reinvent the wheel. Other business leaders have solved your business problem already. Tap into their experience to solve your business problems quicker and potentially cheaper.

Collaborative business problem solving online meetings are for business leaders who already know what their business problems are. They just want to know the solutions quickly so they can go off and implement them for themselves and their business.

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It is unlikely that people will attending the meeting will diagnose the problem that is holding your business back. That is not the purpose of the online meetings. You identify what your business risks are and come to the meeting to find risk management solutions or ideas that have worked and could work for your business.

There are measures in place to ensure the confidentiality of information shared within the group and you can see one of our risk management experts from our risk management network on an online one to one appointment who will have seen your business problem before. However collaborative group sessions can quickly overcome barriers to your business growth and a valuable peer support network.

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Emerging trends in business management debated risk analysed and risk controls reviewed. What emerging trends in business management must you know about today? Consumers and business decision makers have easy access to business intelligence so business leaders need to use business intelligence more in risk management strategy setting to grow faster. Due to the rapidly changing business environment and increased nationalism it may be better to have shorter supply chains. Alternatively restructure your supply chains to embrace new cost saving opportunities in supply.

Spot emerging trends before your competitors to protect your business better and grow business faster

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We need to invest money in old ideas and new

Do you want to invest in your business future today

Our future is here. We need to invest hard cash into the money innovative ideas that are just seedlings. In addition we need to invest money on old ideas that have legs but no backers. There are enormous opportunities for business and economic growth. Trouble is that we are still trying to make the obsolete ideas work for us now.

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Global manufacturing has hit the buffers. There has been a rapid contraction of global manufacturing output largely due to global trade war between China and USA as well as Brexit uncertainty. Manufacturers have cut back on production and are making workers redundant.

Some parts of the world like USA Germany and UK have low unemployment levels and could cope with job losses but most of Europe cannot. Europe ha snot recovered the jobs lost in the last financial crisis.

Even in America USA manufacturers are suffering. Who is winning the trade war is unclear but it seems that there are two losers rather than one winner.

In the UK and broader European manufacturing marketplace manufacturers are suffering the double whammy of global slowdown and Brexit uncertainty. There could be two losers here too if they politicians do not agree a deal.

The world is seeing low levels of business activity not witnessed since the last recession in 2008 caused factories to shut up shop.

The global and UK manufacturing marketplaces are grinding to a halt. The solution is not to button down the hatches to weather the growing global economic storm. The solution is to invest in real opportunities for business growth we already have before us.

Businesses say that their biggest fear is of governments overspending. Borrowing to cover day to day expenses is the start of a slippery slope to perpetual poverty. UK governments borrowing to invest in infrastructure will support businesses to grow faster.

It is ridiculous that all parts of the UK do not have superfast broadband. So many opportunities could open up if this simple technology was available to all entrepreneurs.

Instead the world is shutting up shop. There is no shortage of great ideas. There is a shortage of money being invested in our future today.

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Risk Events

BusinessRiskTV Risk Management Events online help for business leaders to grow business faster with less uncertainty

Did you want to understand the threats and opportunities you are or will face?

BusinessRiskTV Risk Events will help inform your risk management decision making. Make better decisions with less uncertainty.

Join us at free risk management events. BusinessRiskTV free online Risk Events are aimed at business leaders. Our risk management experts will help business leaders overcome barriers to success.

Come to our online risk events armed with any questions specific to your business needs as you like. Pick up free business risk management advice wherever you are in the world with a WiFi signal.

To confirm your interest and receive alerts to future Risk Events subscribe to BusinessRiskTV for free today.

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Who Is BusinessRiskTV

BusinessRiskTV was created by Keith Lewis as a hub for business leaders to connect with business management experts and other business leaders to solve business problems quicker.

With BusinessRiskTV you can pick up free business risk management tips advice and support. Our risk management tools and facilities provide various ways to gain support when making important business decisions wherever you are in the world.

Get a quiet nights sleep knowing that your business is better protected and more likely to grow faster with less uncertainty

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Come back time and again for the latest business risk management news headlines opinions and reviews.

How can BusinessRiskTV help your business

With our support uncertainty will have less of a negative impact on your business. Be more positive about future of your business.

It is our mission to help protect your business better and help you grow it faster more profitably for longer. Without making the right decisions at the right time you expose your business to losses and may miss opportunities for business development.

We have a range of services to help you. Most of them are free. We are constantly evolving our range of services to keep you covered. You develop a more holistic approach to business problem solving for a greater chance of more success.

  • Sell More In UK Online. We can help you with ecommerce solutions to sell more profitably and safely online.
  • Sell More Overseas. We can help you sell more in overseas marketplaces more profitably and safely.
  • Collaborate and network online with top business leaders and risk management experts for free. Find best ways to protect and grow your business faster.

Join us at an online Risk Event to taste what we have to offer your business

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Online entry to Risk Events is free but by invitation only so subscription is essential. You can book into specific Risk Events when you receive specific Risk Event invitation.

To subscribe to BusinessRiskTV please complete and submit the above form free of charge.

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Product Recalls News and Reviews

Product recall experts protecting customers and brands on BusinessRiskTV

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30th April 2020 Another 55000 Washing Machines in UK Homes Should Stop Being Used and Need Repairing or Replacing Owing to a Fire Risk

An extra 21 models have been added to the list of 524000 Hotpoint and Indesit washing machines being recalled. Whirlpool owns the washing machine brands. The product recall programme was ongoing despite coronavirus restrictions. The total number of models affected is 66.

About 20 percent of the Hotpoint and Indesit washing machines sold since 2014 are affected by a safety fault and need to be recalled.

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79 fires are thought to have been caused by an overheating door locking system in the washing machine. The fault develops over time according to Whirlpool.

Advice for washing machine owners

Whirlpool has set up a model checker online or call 0800 316 1442.

Owners of Hotpoint and Indesit washing machines bought since October 2014 will need to enter the model and serial number of their appliance found inside the door or on the back to see if it is one of those affected. Those who have previously checked and been given the all clear may need to check again due to the new models with faults added to fault affected list. Slots for a modification or replacement machine are available straight away.

All owners affected by the recall are entitled to a replacement washing machine or a repair to their existing appliance without charge but there is no offer from the company of a refund. They should stop using it until an engineer has checked it if necessary restrict its use to a cold wash.

4th March 2020 Toyota Motor Corp Recalling 3.2 Million Vehicles Worldwide To Address Fuel Pump Issue That Could Result In Engines Stalling.

Dealers will replace the fuel pumps with new ones.

Owners have complained of rough engine running engine not starting and loss of power while driving at low speeds.

21st November 2019 Fiat Chrysler Recalling 700000 sport utility vehicles SUVs worldwide due to faulty electrical connection could prevent engine starts or contribute to a stall

The automotive product recall covers 2011 to 2013 model year for Dodge Durango and Jeep Grand Cherokee SUVs. Fiat Chrysler are unaware of any injuries or accidents related to the fault and will notify owners at a later date when they will be able to schedule repairs at car dealerships.

Most of the vehicles being recalled are in USA. The rest are spread around the world including but not limited to Canada and Mexico.

20th July 2019 Dangerous Tumble Dryer Product Recall

Whirlpool is launching a full recall of any remaining fire prone tumble dryers. For 4 years now Whirlpool have resisted calls to recall tumble dryers when the fault emerged.

Tumble dryer brands affected include Hotpoint Indesit Creda Swan and Proline bought between April 2004 and September 2015 in UK.

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For more information on what to do if you bought a tumble dryer call 0800 151 0905 or visit CLICK HERE. Check if your tumble dryer is affected. If it is on the product recall list stop using it and unplug it immediately.

Options for tumble dryer owners include:

  • Obtain a free replacement dryer with no extra charges for collection or disposal of the old machine
  • Get a free one hour modification of the old machine
  • Take a discounted upgrade to a higher specification model than the free replacement
  • Obtain a partial refund of up to 150 pounds with owners of older machines getting less than those with newer ones

If your tumble dryer has already been modified as a safety upgrade you may not be able to take advantage of above options but call the helpline to double check.

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20th July 2019 Volvo Product Recall 500000 Worldwide

Volvo car manufacturer has concerns of fire risk. A plastic part of the engine can melt and deform and in extreme cases catch fire.

The product recall affects some cars made in the past five years. Volvo will contact affected customers.

There have been Volvo car fires as a result though no one has been injured.

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Volvo has reported how many fires have occurred as a result of the defect. The product defect affects cars from the models years 2014 to 2019 with four-cylinder diesel engines.

Car owners have been told that vehicles are safe to use if the car is not currently showing signs of a problem including engine warning light coming on lack of power from engine or an unusual smell.

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Ebola Virus Disease Pandemic Risk Review

Reviewing the pandemic risks with BusinessRiskTV.com

Discover more about ebola virus. Identify ways to prevent ebola contraction and spread. Review current ebola virus pandemic risk.

The World Health Organisation WHO declared the Democratic Republic of Congos ebola outbreak as an international health emergency

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Those most at risk from ebola outbreaks tend to be health care workers caring for ebola victims.

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19th July 2019 Ebola Outbreak Crisis Worsens

The risk of global pandemic is very low but locally the number of deaths continues to climb. 1600 people have been killed by ebola virus in the DR Congo.

11000 people died in last ebola epidemic in West Africa from 2014 to 2016

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The current large ebola outbreak has not yet resulted in restrictions on travel or trade but the rate of deaths is accelerating.

A further factor in the spread of ebola in the region is the attacks on healthcare workers. This makes it even more likely that neighbouring countries could be seriously affected by the outbreak in the DR Congo.

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Safety and Risk Assessment Lessons From Tragic Fatal Train Accident in UK

A rail firm has been fined 1 million pounds following fatal accident on a train in UK after victim died leaning out of a train window.

The tragic victim died when he hit his head on a steel gantry whilst travelling on Gatwick Express in London.

Govia Thameslink Railway admitted a health and safety breach because a sign saying not to lean out was not displayed clearly enough.

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The judge said that although there were signs on the door warning of risk of leaning out of window they were unclear due to presence of other warning signs on the door. There had been no risk assessment of the windows on the doors of the trains.

The lesson does not just apply to train operators. Warning signs will not protect businesses particularly when the safety message is jumbled amongst other signs.

The fine may well have been reduced due to the admission of guilt on the part of the train operator.

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Existential Threats With BusinessRiskTV

Existential risks business leaders should be aware of today with BusinessRiskTV

We are in an existential crisis on so many fronts. Geopolitics threatens around every corner domestically in UK and around the world. Technology could create societal threats and even AI attacks on humans! Pandemic threats are closer than we could ever imagine last century.

However each of these threats presents opportunities to take the upside risk. Turn the threat into an opportunity to grow and prosper.

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