Bounce back is going to be a key phrase over the next few months. We need to bounce back from the social effects of COVID19. Our health sector has to bounce back from the impact of COVID19. The health service has to deal with all the other health problems that are still out there. In this post, we are going to talk briefly about how we are seeing bounce back working for businesses and people we are dealing with. But first some big picture stuff:
The global and national need for bounce back
The economy rightly has not been at the forefront of our minds as we deal with the horrendous potential threat that COVID19 brought. Over the last 6 weeks, society rightly has come together to cap the impacts of COVID19.
As we start to deal with the beginning of the end of the initial impact of COVID19. We now need to look at how we can ensure the impact of COVID19 does not destroy our economic ability to fund our capability to deal with any future variants of this horrible virus. In short our economy has to bounce back . We have to ensure business is there to support our health service. Business has to be there to provide the services that lead to social cohesion brought about social contact. Our food supply chain has to be robust enough to keep us in food following the inevitable global supply chain shocks that will follow the outbreak of COVI19.
So what have we seen this week that raises our hopes of bounce back?
Bounce back from the local and global view
This week Thomas Jardine & Co have been fortunate enough to witness bounce back from a local and a global view. At the beginning of the week Jacqui ran a discussion for Dr Louise Scholes with Loughborough International Masters Students studying Family Business. The students joined the virtual course from across the globe. Interesting 50% of them were next gens in waiting. Of course the session focused on the impact of COVID19. From an international perspective many of the students wanted to know if the new shift of focus to local rather than global supply would change. It was accepted that this was the time for leaders to step up. all food of thought.
Bounce back from a local and national view
At the end of the week Jacqui held an online peer group for Be the Business for next generation family business from across the North West of England. Again the focus of these people who will be running their family businesses in the future was palpable. They are determined to bounce their businesses back to at least where they were before COVID19 hit. This level of positivity in a time when many business literally fell to no turnover at all gives us real hope that many family businesses will bounce back.
Thomas Jardine & Co are also part of the Guild in Carlisle. Here we witness some amazing resilience from our fellow Guilders. This ranges from just helping each other get new ideas of the ground. To moral support to get through the lock down. To listening and helping each other with the tasks needed for business survival during COVID19 lockdown. We are so proud to be part of this coworking space which will be the germination for so many business solutions in the coming months.
Bounce back and the food sector
Whilst attending an online event by the Food Ethics Council we were reminded of the importance of a resilient food supply chain. Thomas Jardine & Co are monitoring the true resilience of our local food businesses through our work with This is Cumbria. The hospitality sector in the UK has basically been shut down. But it has refused to stay there and is already trying to bounce back. We are so proud of our local food businesses who have done everything from producing hand sanitiser to delivering food treats. They have achieved this whilst a huge part of society had rightly gone into lockdown. In many cases, these businesses have had to figure out how to balance safety of their people with the future of their business and deserve our utmost respect.
We all have to help each other bounce back
Every day we see examples of family businesses , food businesses and freelancers bouncing back. For this to continue we need to answer the three questions Tony Danker asked at a Be the Business event this week:
What have you got right or wrong over the last six weeks?
What are the big decisions over the next six weeks?
What’s it like to be a leader right now.
Go ahead answer these questions and please feel free to share with your peers. It’s time to bounce back.