Organizations should build financial models that Triaging the human issues facing companies and size the impact of various shock scenarios and governments today and addressing them must be decide how much “insurance” to buy through the the number-one priority, especially for goods that mitigation of specific gaps, such as by establishing are critical to maintain health and safety during the dual supply sources or relocating production. The crisis. As the coronavirus pandemic subsides, the analytical underpinnings of this risk analysis are tasks will center on improving and strengthening well understood in other domains, such as the supply-chain capabilities to prepare for the financial sector—now is the time to apply them to inevitable next shock. By acting intentionally today supply chains. and over the next several months, companies and governments can emerge from this crisis better prepared for the next one. Knut Alicke is a partner in McKinsey’s Stuttgart office, Xavier Azcue is a consultant in the New Jersey office, and Edward Barriball is a partner in the Washington, DC office. The authors wish to thank Viktor Bengtsson, Chris Chung, Curt Mueller, Hilary Nguyen, Ed Paranjpe, Anna Strigel, and Faaez Zafar for their contributions to this article. Copyright © 2020 McKinsey & Company. All rights reserved. 82 What now? Ten actions to emerge stronger in the next normal September 2020