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Does Coronavirus Have You Working From Home?
Many Australian businesses are gearing themselves up to move their employees to work from home due to the coronavirus outbreak.
While this does seem an awfully appealing prospect (no peak hour, no make up, use of our own bathroom & company from our four legged friends) there are certainly challenges.
One such challenge is how we stay in touch with our colleges and customers. We can't just call across the office or have a catch up perched on our workmates desk. We need to keep working, because the bills will keep coming (disappointing but there it is), so how can we keep the wheels turning?
Never before have we been so connected. Now granted, at times, we wish we weren't (weekend emails, seeing other peoples Facebook holiday posts while we are at work), but had you suggested 20 years ago you could run your whole office with any number of employees from their own homes, or from wherever they choose, it would have seemed like the stuff of fiction. But that is exactly where we are now. With VoIP (Voice Over Internet Protocol) and phone systems that are hosted in the cloud, we don't need to rely on traditional onsite phone systems.
With your PABX hosted in the cloud, you can have all your employees work from home and run your office as you would if you were all together in a brick and mortar location. That means your calls come to the reception phone as usual. The calls are transferred to the relevant employee as usual and all the usual phone system features you use can still be deployed.
Pretty great huh? What's better is that you can be up and running in around 60 minutes, with a system customised for you.
Super versatile, scalable, flexible and feature rich, now is the perfect time to upgrade your business phone system to a hosted platform.
Things are certainly a bit tricky at the moment, but I guess for me, if I can keep paying the bills, then that is a big concern off my mind. To keep you working and paying your bills, contact us to see if we can help you.
My sincerest hope is the resolution to this crisis is sooner rather than later. Until then stay well, look out for our vulnerable, enjoy Netflix and remember, this too shall pass.
Robyn
CNN
—
Just about everyone thought it was a bluff. Top analysts from the biggest banks on Wall Street said it was highly unlikely. Stocks were trading like it wouldn’t happen. Some companies built contingency plans, but they weren’t exactly rushing to make changes.
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But the tariffs are coming — in full force. President Donald Trump announced Saturday that a massive 25% tariff on all goods from Mexico and most imports from Canada will go into effect Tuesday. An additional 10% tariff on Chinese goods will be enacted the same day.
Trump in a message posted on Truth Social Sunday said, “We don’t need anything they have. We have unlimited Energy, should make our own Cars, and have more Lumber than we can ever use.” But America’s supply chains are reliant on its trading partners, and even for goods that could be grown or produced exclusively in the United States, the complex web of interconnected global trade cannot easily be unwound.
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So the additional costs on foreign-made goods will be paid by American importers, who typically pass those costs onto retailers, who pass them onto inflation-weary consumers. That means prices will rise — although, for most items, not immediately. Businesses’ profits will be squeezed as they bear the cost burden of the tariffs or pay to adjust their carefully constructed and at times inflexible supply chains.
That’s why stocks on Monday were set to tumble. Dow futures were more than 600 points, or 1.3% lower. S&P 500 futures sank 1.5%. and Nasdaq futures were 1.7% lower.
Globally, stocks fell, too. Major European indexes were down across the board, and Asian markets closed sharply lower. Bitcoin and other cryptos tumbled, brought down by growing fears of a recession. The US dollar rose sharply.
Energy costs surged: US crude oil rose 2.3% and natural gas spiked 7%. Despite a lower 10% tariff on Canadian electricity, natural gas and oil exports to the United States, the energy industry said it will not be able to quickly or easily find alternate sources. Diesel and jet fuel costs in particular will rise, according to Angie Gildea, the US energy sector lead at accounting firm KPMG, adding costs to all shipped goods and air travel.
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“Any infrastructure upgrades would not happen overnight,” Gildea told CNN. “Tariffs on Canadian oil would increase costs for US refiners, leading to price hikes for consumers.”
Auto industry stock futures were particularly hard-hit, because virtually all American-made cars are manufactured at least in some part in Mexico or Canada — what was a free-trade zone. GM (GM) fell more than 6%, Jeep and Chrysler maker Stellantis (STLA) was down 5% and Ford (F) fell more than 3%.
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Wishing you luck!
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