Woolworths Group's Operating and Financial Performance during COVID-19

Accy936 Assessment

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Outlining the company’s operating during COVID 19...............................................................3
Dashboard...................................................................................................................................4
Impact of COVID 19 over financial performance......................................................................5
Recommendation........................................................................................................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
The current pandemic has affected the working efficiency of the business to a great
extent. This is particularly because of the reason that the company operates in the external
environment and all the changes within the company. This is important for the reason that in case
these changes will not be adapted by the business then this will be affecting the working
efficiency of the business. The current study is based on the company Woolworths group which
is an Australian retail company headquartered in Australia. The company is found in the year
1924 by Stanley Edward Chatterton, Cecil Scott Waine and MORE. The current report will
outline the discussion relating to the operation of the company during the pandemic. Along with
this the analysis of the financial performance of the company and the operational efficiency of
the business. In the end the discussion will outline the findings from the dashboard and some
recommendation will be provided for the improvement of the performance post pandemic.
MAIN BODY
Outlining the company’s operating during COVID 19
Pandemic is one of the adverse situation that has highly affected the processing of the
organization. It is important for the company to pay attention on developing the significant
knowledge regarding the operating practice in the times of covid 19 so that reliable and effective
approach to understand competitiveness can become possible. Woolworths Group organization
operate sin the retail sector that offer distinct type of products in the market. Pandemic has
resulted into the situation of risk offering factors to the business that includes lock down that has
adversely affected organization. The areas which has been influenced are customer safety,
consumer sentiments, mental health of employees, supply chain, etc which were difficult to
handle.
For handling the operational practices of the specified business, the company has given
emphasis on formulating the risk management strategy to achieve the objective of having higher
effectiveness (Giunipero, Denslow and Rynarzewska, 2021). The organization has paid attention
on setting framework and standards so that lacking areas can be avoided. For safety of the
suppliers, Woolworths Group has concentrated on formulating the clear framework for sourcing,
quality hand compliant products. It has been ensured that higher level of secure and safe working
culture can be provided to the suppliers in turn meeting the market forces can become possible