Advice for employers and businesses
Handling employees effectively
• Inform employees about COVID-19 symptoms
• Emphasise the importance of respiratory etiquette and hand hygiene to all employees
• If possible, provide hand sanitiser and anti-bacterial handwash at work
• Proactively separate employees who show symptoms
Managing business risk
• Create a business continuity plan to minimise risk and sustain your business from adverse effects of COVID-19.
• Your COVID-19 business continuity plan should consider:
a. All business stakeholders
b. Best case and worst-case scenarios
c. Short term, medium-term and long-term considerations
d. Consider financial implications and effects on value chain
e. Develop contingencies across business areas to mitigate risks
f. Effectively communicate with all business partners and other stakeholders
Advice for New Zealand exporters to China
There are increased pressures on businesses with operations in China. While there are fluctuations in demand, supply and speed, there are no additional barriers to exporting to China.
• Regulatory settings for trade between New Zealand and China remains unchanged
• The sanitary or phytosanitary requirements for primary industry exporters remain the same
• No change to customs and clearance procedures of primary industry products in China
• There are no additional restrictions on importing goods from China
• Personal protective equipment (gloves, gowns, eye protection or face shields) is not required when unpacking containers or packages that came from China
Some insurance companies are not insuring any loss, damage or delay to some cargo going to China under the current circumstances.
• Proactively communicate with your insurance provider
• Review the policies that apply around exports to China
• Understand the impacts of 'Force Majeure' and what it means for your business
• Prepare for potential claims
Supply Chain considerations
Proactively managing your supply chain means that your company will be better prepared to manage and mitigate any risks. Considering the speed at which COVID-19 is spreading, rapid deployment of measures is critical to business continuity and resilience.
• Develop visibility and evaluate the entire supply chain from end to end. Consider primary, secondary and tertiary players
• For every player in your supply chain, assess alternative partners. Prioritise nearshore options to shorten your supply chain
• Understand the inventory status of all your suppliers and increase inventory buffers accordingly
• Dual-source critical parts of your value chain
• Advise your suppliers to implement their own COVID-19 business continuity plans.