How to develop a successful asset management (AM) strategy during the CORONA virus downturn

COVID-19 is disrupting all sectors including asset management - plants around the world are operating in emergency mode or are shut down completely. There is no hint about how long the situation will last nor can anyone realistically predict the scope of the economic impact it will have. Therefore it is crucial to minimize costs while not compromising the effectiveness of the plants. These 6 recommendations will help you to align your asset management according to requirements and turn the challenges into opportunities. The "bull market" has collapsed. For eleven years, stock market prices knew only one direction: up. COVID-19 suddenly put an end to the seemingly eternal upward trend. A global recession seems inevitable. The only question that no one can seriously answer at the moment is: Which development will the recession take? Economists distinguish between so-called "V", "L" or "U" movements depending on the curve shape. Within a few days, companies had to drastically limit their supply capacities. Airlines, travel agencies, hotels, car manufacturers, suppliers - all sectors are increasingly affected. Even the first production facilities - among others Mercedes, VW, Tesla or Schaeffler - will be idle for the next 4-6 weeks. And almost every day more...