Page 21 - MS Year in Review 2020

currently indeterminate. Accordingly, the optimum approach for planning is to

create different scenarios under different assumptions about the length of the crisis.
We have defined the three scenarios a: 1) “Quick recovery” by the end of May or
June, 2) “Intermediate disruption” by year end, 3) “Prolonged economic

disruption” of more than one year.

We also believe that combining the specific industry knowledge of the management
team with a well moderated and fruitful discussion on the scenarios and questions,
presented above, can dramatically increase the company’s capacity to adapt to the

changing economic environment.

We hope that readers find this discussion of value, and take the appropriate agile
steps to overcome this horrendous virus and situation.

 Post Script: This article was published on linkedin on March 25. One of the
readers, Mazdak Vaezpour, President International Operations at C.R.

Laurence Co., Inc., commented in part: “…Time to plan for the post CoVID-19
is NOW, despite all the unknowns and how long this all might last!” We
wished we had said that; but since we did not we are adding his comment as

a Postscript!

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