Preparing your business for the Second Wave

COVID:

First, let me apologize for failing to regularly send this out . I have heard from many and been asked to share my recent thoughts regarding the current Covid-19 trends leading into the winter season.

Over the last few months I have worked with government leaders and businesses to prepare for a potential second wave.

Some items to consider:

—have flu shots available for your employees (there is a likelihood of staff shortages due to a rise in flu and coronavirus cases). Also, with limited testing available it will be difficult to determine between the two viruses—meaning many will be asked to quarantine for 10 to 14 days even without testing

—find a rapid testing facility nearby and direct potential exposed staff to immediate testing when there has been an exposure

—it is a possibility to have both the flu and COVID-19 at the same time—which could increase the mortality rate

—if a business is located within a major city, have contingency plans for any potential violence due to a myriad of issues, such as the election, lack of basic necessities due to stimulus payments coming to a close, etc

A vaccine(s) is expected within the next 60 days. There is a possibility that there will be multiple vaccines—most requiring two shots while some could be one shot.

Since health care providers and essential workers will be the first to receive the vaccine there will be time to evaluate the success rate of each.

Items to consider:

—shots will not offer everyone protection. Reviewing percentages of success is important in determining which vaccine to take

—vaccines could have serious side effects is expected for some, if not all, as your body adapts to the vaccine.

--There are discussions on a federal level that these vaccines will be free. Regardless, anyone who is offering these shots to employees must consider the following:

—potential legal issues

—adverse reaction (illness) by members of your decision making team

—loss of employees for a few days due to the associated side effects of the vaccine

Economy

—is beginning to slow

—expect another federal stimulus after the election

—debt is record setting and will harm the rebound and future growth

—China is poised to become the world’s largest, most important economy