Corona and the costs of the crisis

Professor Jens Südekum teaches International Economics at the Heinrich Heine University in Düsseldorf, Germany. He is a member of the Scientific Advisory Board at the German Federal Ministry of Economics and Energy (BMWi) and of numerous research institutions. In particular, the professor is concentrating his studies on the impact of globalisation on the world of work. Now he has commented on the cost of the Corona pandemic in Germany: it is 60 euros per day per German citizen. That sums up to 5 billion euros on every calendar day, or 150 billion euros a month. Südekum also says that “with uncontrolled relaxation of measures, a second wave and a new lockdown in the summer, everything could become much more expensive.”

Who pays this huge sum? In the end, all of us and the companies in Germany – by the enormously growing public debt. A company that no longer exists in the future cannot repay its debts! This results in the elementary task of all people involved in companies and of their management to do everything possible to master this crisis. Policymakers will now very quickly ease restrictions, given the continuing improvement in numbers. Afterwards, the ball is in the businesses’ field. Our clients start preparations intensively. It does not function smoothly always and everywhere. Ramping up a company after a shutdown is complex. And the reinitialization of international supply chains is even more complex.

In addition to all production and logistics requirements, complete and utter occupational health and safety must be guaranteed. If this does not happen, production must be stopped again, and further costs will incur. Due to the complexity and often, also the sheer number of tasks, even very large companies with their numerous staff are overwhelmed. This is even more applicable for medium-sized companies. Obviously, it is better to get it right the first time. Corrections take time and cost money. Money you need to keep together now! We are ready to support you. We provide custom-made programs composed of reliable elements that can be utilized immediately and effectively.

For a limited period until July 30th, we offer these programmes at special prices. Of course, we will be pleased to make you an individual offer.