Actions in Response to Coronavirus: A Letter from GetSwift CEO Bane Hunter
15 Março 2020 - 8:57PM
Business Wire
GetSwift Limited (ASX: GSW) (‘GetSwift’ or the ‘Company’), a
leading provider of SaaS logistics technology, today released the
following letter from its CEO, Bane Hunter:
Dear shareholders, partners, clients, and team,
We wanted to share some of the actions the company has taken and
will be working on with regard to the novel coronavirus response
and impact.
As we first learned about the virus discovered in Wuhan that
spread to surrounding areas in China, we evaluated the possible
range of impact and the emerging social, medical, and commercial
requirements that might follow. We took into consideration numerous
factors, including the varying impacts it might bring to clients in
the global regions we serve. The company then developed and
deployed early on our response plan to the emerging challenge.
We are writing this with the hope that it may help those who are
looking to optimize their own response plan and sharing the steps,
measures, and recommendations that the Company has undertaken. We
stand ready to assist anyone we can in these difficult times. Our
goals are clear: we are in this together as humanity and we will do
the best we can to serve—especially those who are most
vulnerable.
GSW Response Plan
1. A distributed team model was put into place, with
multi-geographic redundancies. Each office location will
operate independently if required and meet service levels even if
response time is somewhat reduced. With the pace of the global
pandemic, this has had less of risk mitigation than we initially
anticipated.
2. We increased systems capacity to operate at much
higher peak loads and overall system demands (due to anticipated
increased delivery frequencies). This is in place and functioning
as planned.
3. Capability for our full staff to operate entirely
remotely. This was implemented months ago. It is now fully
operational.
4. Immediate office closures and remote work arrangements
based on virus propagation. Our senior staff was briefed and
prepared for five different stages of response. Criteria included
early travel bans, logging of travel, reporting interactions with
parties that traveled and increased attention to maintaining clean
surfaces at work. Responding to natural staff concerns, the company
has made available stay-at-home and testing/medical visits that the
company would pay in full for any staff affected. This also applied
to immediate family - we fully support the family unit and not just
the employee.
5. Coordination with our key partners and clients. Some
were very proactive and already working with local and national
governments around the globe. The planned switch to full delivery
modes away from public-facing interactions was in place and now is
increasingly being deployed. Some switched over gradually, and even
then, we saw volume increases of up to 130% compared to the same
period last year. We expect this trend to continue throughout our
client base.
7. Special attention and priority are being paid to partners
who serve identified at-risk populations (i.e. the elderly,
cancer patients, hospitals and medical facilities) or others in the
front lines of this crisis. We will continue to prioritize those
who need our help the most.
8. Planning and execution capability for deeper state or
multi-country integrations with various government response
measures, if needed. If broader quarantine measures and
corresponding hot zones emerge, this capability will, in our
opinion, be an important response.
9. Realistic assessments - in our opinion, based on the
data we have seen and what we are tracking, we believe that any
response measures that will need to be put in effect will require
that companies plan well beyond the 15-day or 30-day contingency.
We are looking at, and highly recommend, a 60-90 day response
perspective at a minimum. Only data will determine how long we must
operate in this enhanced reaction mode.
10. Continuous monitoring and flexibility to implement and
rapidly change responses as required by the data will be vital
to having an effective outcome for this pandemic. Now is not the
time to argue or seek validation. Now is the time to come together
as a team, as companies, communities, nations, and as humanity.
Sharing key findings so we can all take effective measures should
be encouraged by senior leadership across business, academia, and
government.
Last, but not least, let’s not forget that our own loved ones
are important and will seek our strength in the days ahead. Stay
safe, look after each other, and remember that none of us are in
this alone.
God bless you and keep those you love or serve safe as we work
through this crisis.
Respectfully,
Bane Hunter
CEO
This announcement was approved, and authorised for release by,
the GetSwift Board of Directors.
About GetSwift Limited
Technology to Optimise Global Delivery Logistics
GetSwift is a worldwide leader in delivery management
automation. From enterprise to hyper-local, businesses across
dozens of industries around the globe depend on our SaaS platform
to bring visibility, accountability, efficiency and savings to
their supply chain and “Last Mile" operations. GetSwift is
headquartered in New York City and is listed on the Australian
Securities Exchange (ASX:GSW). For further background, please visit
GetSwift.co.
GetSwift is an emerging growth company and is subject to a
variety of risks. The Company is not yet profitable, and there can
be no assurance that it will achieve profitability. The Company's
business and a variety of investment considerations are discussed
in more detail in the Company's filings with the Australia
Securities Exchange (ASX). Investors are encouraged to review the
more complete information contained in such filings.
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Media enquiries: James Richardson, Public Affairs Advisor
james.richardson@dentons.com +1 202-408-9160 Investor enquiries:
investors@getswift.co Company Secretary:
julian.rockett@boardroomlimited.com.au +61 2 8016 2841
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