As the COVID-19 outbreak continues to unfold around the world, reports on its potential economic ramifications increase rapidly. Impacts such as supply chain interruptions from China’s large-scale efforts to contain the virus, disruptions in business activities and travel, and volatility in demand for products and services make business leaders increasingly anxious about the state of their business and the economy over the next months.
The environmental consulting industry is particularly vulnerable to these impacts.
Environmental Consulting firms are affected by travel and other work activity restrictions, as key staff might be delayed or contained while returning from abroad or from domestic trips. Furthermore, projects can be delayed due to lack of materials or delays in shipments from containment measures abroad.
Executives should take action now to avoid or mitigate the potential impact on their business.
The situation provides the opportunity to start building resiliency in your firms now to minimize major long-term impacts from the outbreak, as well as help build capacity to proactively and more effectively address similar crises in the future.
Plan now to register for this industry webinar with keynote speaker Rebecca Zofnass, Managing Partner at Environmental Financial Consulting Group, key topics to be discussed include:
- Development of a Plan
- Your Staff
- Your Financials
- Firm Productivity
- Balancing Risk
The environmental engineering and consulting industry is resilient and has managed to navigate past crises effectively, the most successful firms were those that entered periods of crisis better prepared to address financial hardship, more adaptable to rapidly changing operating conditions, and ready to take action early on to further improve performance. The top performing firms were not more effective in predicting the timing of crises, but were more resilient and better prepared to withstand unexpected events when such events unfolded.
- Rebecca Zofnass, Managing Partner, Environmental Financial Consulting Group
Marylou Armstrong BETA Group, Inc. Vice President
Claire Bird Roux Associates Business Development
Kristine Davies Trinity Consultants Principal Consultant
Ed Droste XDD, LLC Principal
Tony Garro BETA Group, Inc. Senior Vice President
Matt Hodge Hodge.WaterResources Member/Manager
Paul Howard Tata & Howard. Inc. Senior Vice President
Heather Kekac Van Oppen Co2 Business Developer
Rich Lampeter Epsilon Associates, Inc. Principal
Ron Myrick Tetra Tech Director
Robert O’Neal Epsilon Associates, Inc. Managing Principal
George Preble Beals and Thomas, Inc. President
Lucy Servidio Capaccio Environmental Engineering, Inc. SVP
Steve Slocomb Epsilon Associates Principal
The available presentations from the EBC Leadership Webinar: EFCG Special Briefing – Impacts of COVID-19 on Environmental & Engineering Firms completed on May 27, 2020, can be viewed below.