31 July 2020
New Zealand finds itself at a crossroads having contained the spread of COVID-19 domestically and enjoying almost no restrictions on daily life. However, with our borders closed, the growing social and economic costs are mounting. PwC’s new report explores this paradoxical situation, which is unique to our country.
We also share stories of several New Zealand businesses on how they are navigating the uncertain economic environment and changed market conditions.
Read our 31 July 2020 reportOne of New Zealand’s largest listed companies saw its business come to a virtual standstill when COVID-19 hit. However, the speed at which Auckland International Airport responded to its changing fortunes allowed the business to focus on its important role in ensuring the safe repatriation of people, rather than be distracted on cash flow management and balance sheet matters.
Read the case study
When New Zealand closed its borders and entered lockdown, and businesses braced themselves for the worst, NZTE saw the urgent need to bring in strategic support to help New Zealand companies (such as Technopak, Ecoware and Nature Baby) assess and adjust their businesses.
Read the case studyWhen trading restrictions imposed at lockdown Level 4 exacerbated the challenges facing the retail sector, swift action was taken through a structured buy-out with an entrepreneurial investor to save this one-hundred year-old national retailer from collapse.
Read the case study
There can be no simple and speedy return to the old ways of doing things. We are being forced to adapt and, if done correctly, this can bring about positive change that benefits all segments of society. The current crisis provides an opportunity to address many questions New Zealand should be debating in order to build a better future.
National Managing Partner - Markets & Growth, PwC New Zealand
Tel: +64 21 884 616
Chief Markets Officer and Wellington Managing Partner, PwC New Zealand
Tel: +64 21 585 753
Managing Partner, Te Waipounamu and China Business Group Lead, PwC New Zealand
Tel: +64 21 616 232
