The crisis has taught us importance of resilience

Mario Hardy, CEO, PATA, has said that it is the importance of resilience that will be the biggest take away from 2020.  “We have always been told in the past to have a financial reserve personally as well as for the business, and till 10 years ago people said that thus one needs to save as reserve for 3 months, which later became 6 months, and then one year. However, in the current situation, one probably needs several years of reserve, to be able to sustain this type of crisis we are facing today. At PATA, we are very fortunate that we built a very strong reserve for the last couple of years, which allows us to sustain this crisis and for the foreseeable future. 2020 highlighted which I already knew and highlighted the importance of saving, to prepare us to be more resilient in the future because sadly this is not the only crisis we will be facing in years to come, but certainly it is the largest I have ever experienced in my life so far,” he added.