Fortress Healthcare is dedicated to providing sustainable medical solutions to help combat the spread of Covid-19 Coronavirus
Our Covid-19 Response
Crisis Management and Response
Existing business continuity plans may not be capable of handling the fast-moving and unknown variables of an outbreak like COVID-19.
What you can do now:
- Develop incident management and scenario plans that are specific to this crisis
- Focus on factually and effectively communicating to stakeholders
- Plan on how to meet government priorities in individual countries and minimise the risk of business disruptions
Staff
Beyond human welfare, there are other people challenges to tackle, including how to support remote working at scale.
What you can do now:
- Attend to immediate global mobility concerns, such as reviewing travel rules, HR policies, first-aid plans
- Assess remote working strategy, including asking employees to temporarily stop work or work remotely or relocate
- Address strains on a firm’s existing information technology and communications infrastructure in order to support remote working during the crisis
Regulatory Aspects
Navigating complexity and risk in today’s global uncertainty takes more than an understanding of tax and regulatory systems. It is critical that tax functions consider the broader economic, political and societal context you operate in, in order to make informed and compliant decisions that drive your operations forward.
What you can do now:
- Effectively manage cash taxes, obtain available refunds and consider local government and tax authority measures in response to COVID-19
- Consider actions to stabilise supply chains while bracing for an unpredictable revenue and profitability mix in key markets
- Assess the resources your company needs to meet your ongoing indirect and direct tax compliance requirements
- Explore opportunities focused on becoming more flexible in responding to arising uncertainties
Banking and Liquidity
Financial markets often watch how companies plan for and respond to events like the COVID-19 pandemic.
What you can do now:
- Consider disclosures related to direct effects on the results of operations, as well as second- and third-order effects
- Think about disclosures related to risks and uncertainties about the impact of COVID-19 on future periods
- Assess disclosures on the current and future impact on liquidity and capital resources
Operation and Supply Management
The ripple effects of the COVID-19 pandemic are difficult to model and assess, but global businesses can begin to mitigate supply chain distributions.
What you can do now:
- Identify alternative supply chain scenarios — especially as new cases of the virus emerge in different territories
- Activate pre-approved parts or raw-material substitutions
- Adapt allocations to customers and pricing strategies
Company Strategy
As companies move from reacting to mitigating the impact of the outbreak, strategies to emerge stronger may come in focus.
What you can do now:
- Consider accelerating digital transformations as the shift to remote working reveals gaps in IT infrastructure, workforce planning and digital upskilling
- Protect growth and profitability through actions such as scenario planning, more frequent financial modeling exercises to improve resiliency, and new models that incorporate economic impacts of past pandemics
- Take the pulse of your customers, thinking through longer-term considerations around shifts in core markets or business models as a result of the pandemic
Our Mission
- Our Operations
We have robust business continuity plans in place to make sure we can continue to supply medical equipment and healthcare solutions globally. At countries where we have lockdown, we have implemented a ‘team-based’ shift model to prevent the spread of the virus amongst the Fortress team, contact between two teams is restricted. We also have measures within our offices for social distancing, with all of our desks spread 3m apart.
We are currently not experiencing any serious disruption to our operations due to coronavirus and our commitment to our customers and suppliers remains the same.
- Our Clients
We are following the advice of government and relevant national health authorities in every country in which we operate in. Furthermore, for all deliveries we are increasing our cleaning procedures, encouraging our clients and end-users to practise ‘social distancing’ in shops/hospitals/etc, while also taking precautionary measures even when using medical equipment or ppe.
- Our Staff
Our first priority will always remain the safety and health of our staff. With this in mind, we have shifted all non-medical related employees to a remote-working system for the foreseeable future.
Our people involved in, or supporting, critical operations continue at their normal workplace and we have processes in place to help protect them. That includes operating robust protocols for health and pre-mobilization checks, travel and workplace access, social distancing and isolation. Furthermore, all of our staff are required to have their temperatures checked three times a day. We also provide all of our staff with free medical equipment and ppe.
- Our Industry
While the world struggles with the impact of COVID-19, Fortress Healthcare has actually seen growth during this period. We do however understand this is a pandemic, and ensure to offer fair pricing policies. While the cost of manufacturing continues to rise, we will not compromise on our quality and will price according to market conditions and factors.
- Our Communities
All of us are impacted by the global spread of COVID-19 in one way or the other. Fortress stands ready to help the communities where our people live and our businesses operate. We’re offering support to governments and partners to see what we can offer. We are working our best to support public healthcare systems such as the NHS.
WHO
The World Health Organization (WHO) announced COVID-19 as a pandemic on March 11, 20201, causing an alarming response by countries, communities and beyond.
Covid-19 has quickly become the largest risk to global and regional activity in our life time. The aim of governments will be to prevent both short-term affects of the virus to the economy and to reduce lockdown measures. For corporates, the fundamental focus will be to cost-cut and ensure the best is done to protect its staff and stakeholders.