Among finance executives who experienced the Great Financial Crisis of 2008–2009, few expected to face a second challenge rivaling those moments. Unfortunately, the Great Financial Crisis is akin to a movie trailer, introducing audiences to the upcoming feature: 2020's Covid-19–induced global recession.
Lessons from the Great Financial Crisis enabled many organizations to take quick and decisive action early in the pandemic, although new challenges subsequently emerged that have few parallels to the prior crisis. Specifically, disease mitigation impacts everything from supply chains to capital structures to financial markets.
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