I spent Saturday driving from the Midlands to the south coast through increasingly desperate scenes at England's petrol stations and wondered if there was anything the finance profession could have done collectively to avert the situation or at least mitigate the worst impacts.
It's not as if we weren't warned. Back in June, the Road Hauliers Association and Cold Chain Federation were warning about the shortage of lorry drivers.
When you hear something like that, what's your response. Does anyone have the time to work with clients in affected sectors on mapping out different scenarios and forecasting their potential impacts? And if you do, how do you go about the process?
More to the point, how would you try to mitigate any impacts? If anyone has been wrestling with these issues in teh retail or transport sectors, I'd be particularly interested to hear your experiences.
I grappled with similar ideas back in Jan 2020, when I published an article on How to keep your head when uncertainty grows.
To my shame, there's no mention of a worrying pneumonia outbreak in China. I wish I could claim that the techniques I wrote about aided my own approach to managing through the pandemic, but I was just as reactive as everyone else, up to and including the UK government.
I'm determined to think more strategically about issues like these and would welcome any advice members have for a Petrol shortage crisis follow-up article.