Grant Thornton's Navigating the New Normal: Recent Episodes
Grant Thornton Australia
Coronavirus COVID-19 has had a massive impact on all aspects of our lives – from the initial health pandemic, to the accompanying swift national downturn and global recession. So how has COVID-19 changed how businesses survive and how can they set themselves up to thrive, now and into the future? From business strategy, to industry innovation and economic landscape analysis, we’ve brought together our experts to unpack how Australian businesses are doing things differently and managing this period of uncertainty – at magnitudes never seen before in Australia.
With a growing demand for organisations to provide transparency on their commitment to sustainability and disclosure of the non-financial impacts of their business activities, it’s more important than ever to be informed about the latest ESG requirements. While we often hear about the environmental component of ESG, the term is also used to describe a business’ social and governance frameworks. So, what does this all mean, and who is responsible for making sure reporting requirements are met in this evolving landscape?
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Businesses often encounter growth opportunities that exceed their immediate capital resources and this is where attracting external funding can be pivotal. Whether it's funding a specific project or seeking longer term strategic investment, there are options available to help businesses capitalise on future growth. So, with the current economic and commercial uncertainty for some businesses, what are the considerations that businesses should make if they are looking to attract external funding?
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While the TV series Succession has captured audiences for its dramatic storyline, themes explored through the show reflect what families can face when it comes to growing and maintaining wealth through the generations. So how can Family Offices be successful in growing wealth from generation to generation? The upcoming new financial year is an ideal time to assess wealth strategy and consider aspects such as structure, strategic goals and appointing an Enduring Power of Attorney for future success.
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Given the rise of cyberattacks of late, cyber security should be the number one issue for Australian businesses – cyber security and data protection has truly never been more important. But do Boards and Company Directors really understand the importance of being cyber aware, and the controls they should have in place to combat risks in their business? In this episode Matthew Green, Partner and Controls Assurance Specialist and Chris Watson, Partner and previously a Detective in the Computer Crime Unit City of London Police discuss why Boards and Directors should be interested in cyber security now more than ever, whether these criminals are ever prosecuted, and new technologies that companies should have on their radar to mitigate cyber-related crimes in the future.
This year we saw tightening cost of living pressures, rising inflation and high interest rates, alongside a possible global recession – all in the first six months since Labor gained office. A new Government sets the tone for its leadership through its first Budget. So, with the significant interest on debt and the NDIS to fund – among other things – how did Labor fare? In this special Federal Budget edition of Navigating the New Normal, hear from Journalist Hugh Riminton, Chief Economist Besa Deda, and Grant Thornton Partner, Paul Gooley at our virtual seminar, as they discuss the Budget spending and how the allocations will impact Australian businesses.
In this podcast, Thomas Isbell, partner and global mobility and international employment tax specialist and Matt Darby, partner and National Head of Retail and Consumer Products industry at Grant Thornton discuss the outcomes of the Jobs and Skills Summit, including the skilled migration scheme, sentiments in the retail sector, and the future of work in Australia.
In our podcast, Peter Hills, remuneration taxes partner at Grant Thornton and Laurie Wood, Managing Director at HRAscent discuss what they are seeing play out in Australia when it comes to Employee Share Schemes. From non-cash remuneration, to how businesses can use employee share schemes to manage overall costs, employee share schemes can be a competitive advantage.
The New South Wales State Government has been busy with tax reform this year – from the raft of state taxation amendments commencing in May, to the first steps to abolish stamp duty introduced as part of their state budget last week. So what does this all mean for homeowners, taxpayers, advisers – and the state?
In this podcast, Partners in our Private Business Tax & Advisory team Kirsten Taylor-Martin and Simon Gow discuss the key reasons – and minimum requirements – for setting up a Family Office, the importance of a shared family vision, pitfalls or traps that come with family wealth, Family Office devices like family banks, financial education and philanthropic programs, and famous historical families that would have benefitted from a well-managed Family Office.
In this podcast, Tax Partners Michael Catterall and Lorena Sosa discuss aspects Australian businesses should consider when exploring new international markets, including operations and logistics, strategy planning, customs and duties, and tax complexities.
In this podcast, partners Jacky Millership and Sandie Boswell unpack what we’ve seen so far from the Modern Manufacturing Strategy and innovation support more broadly. With countries around the world aggressively investing in innovation, we need a bold and entrepreneurial approach to compete – so what can we expect from the 2022 Federal Budget – and what do we want?
In our podcast, Kirsten Taylor-Martin, Private Advisory Partner at Grant Thornton, and Olivia Hitchens, Principal at Hitchens Advisory, discuss what businesses should be doing now to prepare themselves for the months ahead. From pre-Christmas spending sprees, to the legal and financial considerations and expectations leaders must navigate, they discuss tips for businesses as we make our way through this new post-lockdown world.
In our podcast, Tax Partners Vince Tropiano and Brett Curtis discuss what the global minimum corporate tax rate agreement means for Australian businesses, how businesses can prepare themselves, and what to consider if you’re setting up operations offshore.
Cryptocurrency and blockchain – the technology underpinning cryptocurrency – have the potential to go far beyond how we’re using it now – and the impact on businesses will be felt for years to come. From applications for online gaming, company shares, smart wallets and connected car services – the possibilities are endless. But we’re not quite there yet. While some businesses are already accepting crypto as payment, there is still a lot of work for the ATO, ASIC and the RBA to do behind the scenes to ensure crypto is regulated and safe.In this podcast, Ian Renwood, partner and National Head of Technology & Media, and Jace Gawne-Buckland, partner in Private Business Tax & Advisory, talk all things cryptocurrency – including banking the unbanked, machines trading services and just when we might see crypto as a standard payments option.
In our podcast, Innovation and Incentives partner Sandie Boswell, discusses what makes an innovative business successful (hint – lots of passion and strategy!), blind spots to look out for, and exciting future trends in innovation.
In this special episode for NAIDOC Week, our CEO, Greg Keith, is joined by Isaiah Dawe, CEO of ID Know Yourself. Isaiah is a Butchulla and Gawara saltwater man and we were privileged to hear his story; from his childhood going through 17 foster care 'placements' in his first 18 years, his reconnection with family and community, and the work he does now to welcome young Indigenous people living in out-of-home care with welcome arms.
In this podcast, we speak to Tom Isbell, partner and Remunerations Tax specialist at Grant Thornton, about skilled migration and global talent management. His best piece of advice for Australian businesses? Rip up your global mobility plan and write yourself a global talent management one instead.
Australia has the second largest reserve volumes of lithium, yet we don’t manufacture batteries in Australia – we send it all offshore. We have 19% of the world’s cobalt resources (also used in batteries), and 18% of global vanadium resources, but we do no production here. The opportunity exists to diversify outside of traditional resources and take our resources sector up several notches. In our podcast, Brent Steedman, National Head of Energy and Resources, says the positive sentiment is there – but the future of the mining sector is dependent on access to labour and developing the next frontier – critical and Rare Earth minerals.
There’s a lot happening under the surface when it comes to payroll – we have complicated Awards, a growing RegTech sector automating payroll, and the Federal Government’s $800m Digital Business Plan, providing small to medium sized enterprises, and industry bodies pushing for more simplification.In our podcast, Alex Bell, partner and National Head of Forensics at Grant Thornton, unpacks the complexities behind payroll and awards, the unexpected ramifications of getting it wrong, and what companies can do to protect themselves.
A favourite instrument for start-ups and companies about to list – Employee Share Schemes are used far more widely than most people think. It’s a way to remunerate your employees outside of the usual cash salary – and in an environment where competition for talent is hot, it can be a clever way to attract, engage and keep your people. From the outside looking in, they are complex to set up but get the mix right and it can be a tax effective way to incentivise your teams and propel your business forward.
In this podcast, we’re joined by Phil Coorey, Political Editor at the Australian Financial Review, and Vince Tropiano, Corporate Tax Partner in our Sydney office to talk about last week’s Federal Budget.
In our latest podcast, Tony Pititto, National Head of Agribusiness, Food & Beverage at Grant Thornton and Madina Aziz, Audit Partner discuss the opportunities for the sector through the Modern Manufacturing Initiative and what we need next from Government to help Australia target non-traditional export markets. This is much broader than simply processed food – we’re talking better quality products, reducing waste, and innovative ways of bringing products to new markets and customers.
The Government has a 10 year plan to implement the Modern Manufacturing Initiative and develop our manufacturing capability. While this will help reverse the trend of offshoring, it is so much more complex than simply hitting a 2, 5 and 10 year milestone. For instance, if you’re looking for investors to support your growth journey beyond the initial funding from the MMI, they’ll be looking for a shorter return than the decade mapped out. And of course, we need to make sure we have the trade partnerships and supply chains in place to help the domestic and international markets hum.In our podcast, partners Richard Nutt and Mark Phillips join us to discuss the global market place, non-tariff barriers, and the skills required to fulfil the modern manufacturing vision. The magic terms you will hear over and over again is value add and bespoke. If we produce the raw materials here, it’s a no brainer to commercialise and keep the value add here as well. It’s complex, but exciting.
We’ve never been more aware of where our pharmaceuticals and medical products come from, or how long therapeutics take to develop from research to product. Michael Cunningham, National Head of Life Sciences is joined by Dr Dan Grant, Managing Director and CEO of MTPConnect, Australia’s industry growth centre for the medical technology and pharmaceutical sector. They explore the opportunities outlined in the Government’s Medical Products Roadmap. Supporting the sector needs more than just funding. Competition and hurdles ahead for our burgeoning life sciences sector include the war for talent and access for funding. But what an opportunity ahead of us to not only innovate and grow this critical sector but to improve health outcomes for patients here and overseas. The legacy of COVID will be a stronger life sciences sector.
New South Wales has just undergone a public consultation regarding a swap from stamp duty to land tax over a decades long transition period. If it goes ahead it would be the largest shift in State tax policy since WW2. But is it a good idea and should all the States follow? Stamp duty is one of the most disliked taxes – it’s lumpy and comes at a time when property buyers are already under pressure to make their dollar go further. But perhaps it’s important to think of each State’s target demographic. Baby Boomers may prefer a known one-off stamp duty bill. Millennials could opt-in for a buy-now, pay-later annual land tax.
Google receives nearly 85% of its revenue from user data insights. But you don’t need to be the size of Google – or even a tech company – to apply some of their same thinking. In fact, you are swimming in rivers of data and you may not even know it – data about your suppliers, customers, processes and hardware. If you’re not tapping into it now, you’re at risk of falling behind as your consumers are willing to trade information for a better experience and service.
Anti-money laundering, payroll assurances, risk management – all hot topics in the news at the moment. But being a good corporate citizen is not just the responsibility of the business. From boards looking to ensure compliance to individuals at risk of ‘cuckoo smurfing’, compliance and good corporate citizenry impacts all of us. It’s about doing the right thing without anyone looking – thinking about your reputation in the market, influencing whether people want to do business with you. If in doubt, ask yourself if grandma would be proud.
M&A took a massive hit in 2020, with the majority of transactions put on hold in the February-March 2020 period in response to COVID. However, the economy rebounded stronger and faster than anticipated with some very clear trends carrying through to 2021. We saw the industrial sector a popular investment, with nearly 35% of deals coming from the sector. Niche manufacturing was particularly popular with foreign buyers. But the sector to watch is technology and technology enabled businesses which are set to dominate the 2021 public and private markets.
Brent Steedman, National Head of Energy and Resources says the Government's modern manufacturing initiative will provide funding and grants to develop and implement new technology - like better data analytics to define reserves or automated vehicles. The future of mining will be smarter to increase production and reduce costs. Pair this with a greater opportunity in a competitive global market and it's clear resources will continue to play a significant role in our future economy.
The Government has delivered a once in a lifetime Federal Budget in response to COVID-19. We saw a significant change in direction from policy makers with a new and renewed focus on sovereign capability and job creation. We invited Phil Coorey, Political Editor at the Australian Financial Review, to share his insights on how the Government has responded throughout COVID. From his privileged position in the heart of Canberra, Phil gives us a sneak peek into the thought processes and policy from Canberra - now and into future. Vince Tropiano, Corporate Tax Partner reflects on what these initiatives really mean for our clients in the mid-sized business space. A key question we ask is what the 'big kahuna' Federal Budget in May 2021 may offer businesses before the next Federal Election - which could be as early as October next year, but certainly by early 2022.
COVID-19 has changed the way we shop - perhaps forever. There is no retailer unaffected. But while many in the industry are experiencing hardships they might never bounce back from, it's not all doom and gloom. Retailers and consumers alike are changing the way they interact and operate. The tenancy mix has changed. We've seen a surge to online, and retailers meeting the demand by investing in their online operations. We've seen digital innovations adopted at lightning speed. And we've witnessed a more health and value conscious consumer, voting with their feet if their expectations aren't met. The next time you head down to local shopping centre, it might not look exactly like you remember it. In this podcast, Luke Ritchie, National Head of Retail and Consumer Products at Grant Thornton, highlights how retailers are adapting their services, what the shopping centre of the future looks like and the intersection of the digital and in-person shopping experience.
Last week was "energy week" - with a number of policy announcements from the Federal Government, and yesterday's launch of the Low Emissions Statement signalling the prioritisation of hydrogen storage, low carbon manufacturing and carbon capture on our transition away from coal and towards a more renewable future. The Government is pouring funding into stockpiling fuel, committing to invest in dispatchable energy, and expanding the remit of the Clean Energy Finance Corporation and the Australian Renewable Energy Agency. Investment is one thing, bringing national consistency to energy policy is another. However, get the structure right and investment in energy will mean investment in clean energy technologies that can support a strong economic recovery. In our podcast, Jannaya James, specialist in Renewable Energy at Grant Thornton, discusses the importance of funding emerging clean technologies, whether gas is the right transitional decision, and the road to hydrogen.
When COVID-19 hit, new listings on the stock market took a dive. And while Australia is technically in a recession, we're starting to see more companies looking to list on the ASX in the run up to Christmas. It might seem counterintuitive, but changing markets and consumer habits has fast tracked some companies on their path to IPO as much as it has stalled others. We talk to Neil Cooke and Jonathan Mather, Financial Advisory partners specialising in IPOs, about which companies are listing during a global pandemic, how the ASX is pitching itself as a global source of capital, and what the ASX of the future could look like.
The impacts of COVID-19 will continue to be massive on businesses and individuals alike. If what is happening in Melbourne is any indicator, then we can't wait for COVID to pass - we have to learn to live with it. We ask Dr Ian Norton, Founder and Managing Director of Respond Global to apply his experience as a former World Health Organisation emergency physician to the current COVID pandemic, while our CEO, Greg Keith tackles how businesses - us included - have approached the new normal. So what does COVID Safe really look like? How do you know if you're responding appropriately? And which of the COVID safe changes are temporary, and what will remain?
AI, big data, machine learning, the Internet of Things - all things that were "coming" in the years leading up to the COVID-19 pandemic and are now staring us in the face. Businesses have access to a backlog of data from their customers that was never put to use before because the impetus wasn't there. Well it's here now. So as your business model shifts increasingly online and contactless, how do you access your treasure trove of data?
The government has said the economy needs to 'grow' out of the recession. Innovation will be to key to this. Some companies need to constantly innovate to stay relevant, while others are innovating to meet the local demand and expectations that COVID-19 has created. So if the global innovation dollar is fluid and fast moving, how can we encourage and foster local innovation? And how can we attract global innovators to set up in Australia? In this podcast, innovation and incentives specialists Sandra Boswell and Sukvinder Heyer talk about creating an IP strategy and trade secrets framework, the importance of embedding innovation into the culture of the company, and what we need from the Government to support innovation in Australia.
COVID-19 has brought with it a tumultuous yet interesting time for the manufacturing sector. April was largely a disaster, but JobKeeper helped businesses stay afloat. May brought with it supply chain issues, but June and July saw sales off the richter with a renewed sense of optimism in the market place. With the AFR reporting last week that Australia ranks a solid last in manufacturing self-sufficiency according to the OECD - there is clearly opportunity to grow. Mark Phillips, manufacturing expert at Grant Thornton discusses how the manufacturing sector is responding to the ebbs and flows of demand, the supply chain and difficulties with freight and logistics, and the procurement power that the government holds.
If the government's economic outlook last week tells us anything, it's that we need to be realistic about the Australian economy. In this podcast, Said Jahani, National Managing Partner of Financial Advisory, discusses what happens when the 'sugar hit' of government stimulus and early access to superannuation currently swirling in the economy dissipates, and what he hopes the Australian economy will look like in five years' time.
In this podcast, partners and family business advisors David Gibson and Kirsten Taylor-Martin speak with us about what makes a family business tick, getting the right skills in the right roles, and whether COVID will be a catalyst for a changing of the guard.
When COVID hit, the combination of JobKeeper, banks deferring principal and interest payments, and temporary changes to insolvency laws gave businesses some much needed breathing space - preventing the immediate tsunami of insolvencies many were anticipating. But these support measures cannot be maintained forever. So what happens when they cease, and how will businesses fare when the safety net falls away? National Head of Restructuring Advisory, Matt Byrnes, says Directors will need to be prepared to make some tough decisions in the next 12 - 18 months. Even if the current measures are extended - and some suggest this could be the case into the New Year - it is clear that businesses will need to stand on their own their own, and they will either be viable or they won't.
During the Global Financial Crisis we saw a tightening of liquidity from traditional sources - which took a period of nearly five years to bounce back. As Australia enters into recession, the banks are still extending credit to existing clients, but their appetite for new customers has already dwindled. To survive and thrive through this period, cash is king. When the big banks pull back, non-bank lenders and alternate debt providers such as Credit Funds and Family Offices could provide that all important bridge. Paul Gooley, National Head of Corporate Finance, and Cyrus Church, Director of Neu Capital sat down to discuss why now is an important time to shore up your balance sheet. There's liquidity in the marketplace if you know where to look and how to access it.
The future of work is being redefined right now. With more and more businesses embracing flexible working, this will have an impact on the commercial property sector. In our podcast, Sian Sinclair, National Head of Real Estate and Construction, and Ken Morrison, Chief Executive of the Property Council of Australia, discuss the future of work and how this impacts commercial real estate - what might this mean for our city skylines?
Our educational institutions aren't just important for our skills of the future. They also play an important role in Australian innovation and research. COVID-19 provides a turning point for higher learning; one with an exciting future. In our podcast, Stuart McDowall, National Head of Education, and Consulting Partner Kristy Fotiadis, discuss how universities and VET providers should be reviewing their strategies, local and international demand, and what they're excited to see in the sector in the years to come.
For the first time in 29 years, Australia is in a recession. The record stimulus and support packages rolled out just in a few short weeks to combat the effects of COVID-19 will leave us with a record deficit that will take decades to pay back. The Tax and Transfer System is really the only mechanism we have to balance the books - and with tax reform on the table, now is the time to look at our tax system with new eyes and split the bill in different ways. In our podcast, National Head of Indirect Tax Tony Windle, and Tax Partner Vince Tropiano discuss how to shake up the tax system and avoid decades long deficit blow outs.
As Australia's economy restarts, the focus has been on the 'return to work'. But the COVID-19 experience has not been the same for every Australian, with many continuing to work throughout the pandemic. What comes next will, and should, be different. Now is the time to redesign the way we work. It's time for a new leadership deal. Hear from Matt Croxford, National Head of Human Capital, and Katie O'Keeffe, Partner in Human Capital, as they discuss the future employee value proposition, the workforce pitfalls to avoid, and what a new leadership deal should look like.
The professional services landscape has changed with COVID-19. The more agile the firm, the better placed they were to ride out the storm. But even with this agility, COVID has brought with it the need to leave cash in your business - and the partnership model used by so many professional services firms doesn't lend itself well to this. Will this mean the end of the partnership model and a move to an incorporated structure for some professional services firms? Hear from National Head of Professional Services, Ben Matthews, as he highlights how those in professional services have adapted to working remotely, and what 2020 and beyond will look like for the sector.
It's been a rough start to the year for our farmers and major food producers. However, our farmers are extremely resilient and are flexing where it counts. Hear from National Head of Agribusiness, Food & Beverage, Tony Pititto as he discusses the resilience of our primary producers, the importance of restaurants and cafes, global rice production and what we need from our government to ensure the industry continues to thrive. For more information visit: https://bit.ly/2WITMcm
COVID-19 has brought to light the schooling version of what has long been referred to as the 'digital divide' - but schools have developed innovative ways over the years to close this gap, which assisted many schools' preparedness for digital and remote learning brought on by COVID-19. With IT helpdesks for students, cyber security education, and digital tools to augment learning, students are engaging in a powerful way while the digital and learning worlds converge. Stuart McDowall, National Head of Education, discusses the ways schools are innovating around technology, fees and the way we learn, and new the points of difference that can drive enrolments in future.
Spray and pray, script kiddies, phishing, bring your own network, wardriving. Sounds like newfangled Gen Z lingo, but it's actually part of the cybercrime lexicon that you need to be aware of to protect yourself and your business. With the sudden and swift shift to remote working, cyber criminals now have around 40% more "open doors", wifi weaknesses and gaps in security to exploit. If you haven't already experienced a cyberattack, you will. Hear from Matt Green and Chris Watson, Partners and cyber security experts, as they shine a light on the dark web and what businesses (and more importantly, their people) can do now to ensure they have the right security measures and culture in place to protect yourself and your business from becoming a cybercrime statistic.
There has been a dramatic shift in the way we work. While many companies have been slow to embrace flexible and remote working, it has been well and truly brought to the forefront thanks to coronavirus COVID-19. So when you're managing an entirely flexible workforce, how to you maintain engagement and motivation? Hear from Matt Croxford, National Head of Human Capital, and Katie O'Keeffe, Partner in Human Capital, as they dispel some of the myths around remote and flexible working, discuss strategies to maintain morale and motivation, and what we should expect from our leaders.
There is not much we cannot manufacture in Australia - and yet the sector represents just 6% of Australian GDP. For the manufacturing sector, what the coronavirus has created is transparency. For the first time, consumers are starting to understand what we do and don't make here - and are becoming increasingly aware of who made it, what's in it and what went into making a product. Even businesses are looking at their supply networks differently as they work hard to source local alternatives to global supply chains. If Government incentivised and prioritised local procurement we can enhance our long term supply chain security which could provide the catalyst for a manufacturing led recovery. Mark Phillips, National Head of Performance Improvement and manufacturing sector expert, explains how COVID-19 has affected the manufacturing industry, how generations to come will change their consumer behaviours as a result, and how the manufacturing sector could potentially lead the economic recovery of Australia.
The old rules no longer apply. Redundancy, once the norm for businesses trying to stay afloat in a recession, should be the last resort. Workforce restructuring, on the other hand, should be the first option on the table and can be adapted to fit your business. It's increasingly being seen as a key ingredient to come through this period of recession with an engaged workforce prepared to recommence and scale up operations quickly when the time is right. Hear from our CEO Greg Keith, and National Managing Partner of Financial Advisory Said Jahani, as they discuss how businesses are managing their workforces during COVID-19, what we can expect workforces to look like in the future, and the top 10 learnings from our experience in workforce restructuring.
Commercial property has been a key focus for policy makers, with a major component of the Prime Minister's hibernation strategy being rent relief and the recently finalised Commercial Tenancy Code. While we're only just seeing the States and Territories reveal how they will apply the Code, there are already a lot of questions around how landlords and tenants, financiers and Government can keep the balance and share the pain. Listen now as Sian Sinclair, our National Head of Real Estate & Construction, discusses how the property sector is responding, the key components of the Commercial Tenancy Code and what we'd like to see next from policy makers.
Every day has been like Christmas trading for essential retailers like Woolworths and Coles with significant supply and demand issues experienced in the past month - and not just for toilet paper. However, retailers are settling into the 'new normal', and we are already seeing more social distancing in stores and supply chain innovation. And with more of us shopping online for basic essentials than ever before how will we ever go back to the way it was before, what will this mean for the retailer's bottom line? Hear from Luke Ritchie, National Head of Consumer Products and Retail, as he unpacks what's happening behind the roller doors - from the increased shift to online, to automation innovations and how efficiencies created now will be adopted in the future.
National Managing Partner of Private Advisory, Tony Markwell explores the importance of evaluating your business model so you can hit the ground running when we're on the other side, engaging your people as your biggest fans, and embracing changes in consumer and customer behaviour to enhance the client experience.
Our National Head of Retail and Consumer Products, Luke Ritchie, discusses what we're seeing in the retail sector at the moment - from big leaseholders shutting doors, to innovation and doing things differently. What will consumer behaviour look like in 12 months? Listen to our podcast now to find out.
Grant Thornton Australia Partner Madeleine Mattera spoke about the current COVID-19 crisis and the role of the banks in supporting the economy. Madeleine discusses the significant moves we've seen from the RBA recently, what we can expect in the coming months from the financial services sector and 'pandemic plans'.
The business impacts are widespread, across all industries and sectors - and for those experiencing distress prior to the pandemic, COVID-19 could be the straw that breaks the camel's back. However, not all is lost. In this time of change and uncertainty in the business community, hear from Said Jahani, National Managing Partner of Financial Advisory at Grant Thornton as he discusses how COVID-19 is impacting the business world, diversification versus sticking to your knitting, investor appetite and the light at the end of the tunnel.