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Author Spotlight: Unveiling Mechanisms of Stress Resilience - Significant Findings, Advancements, and Future Research
Published on: December 15, 2023
Utility Tips for Maintaining Financial Resilience During and After a Pandemic
Abstract:
Many water and wastewater utilities effectively took a "triage" approach to addressing initial COVID-19-related disruptions but should reassess practices to ensure long-term financial resilience. Although the short-term financial effects of the pandemic varied widely among utilities, related economic and financial uncertainties will likely persist, with potentially long-term impacts. Utilities should implement a phased post-pandemic strategy encompassing scenario planning, rate structures, consumer assistance programs, staffing and training, debt structuring, and smart technologies. Regardless of its financial impact, the COVID-19 pandemic has demonstrated the vulnerabilities of all sectors, including the water sector, to large disruptive events; stronger financial resilience is recommended.
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