Via EY
“Unsurprisingly, the organizations that were furthest down the digital transformation journey before COVID-19 struck are tending to adapt to the crisis better than their peers. Their business models and working processes meant that they were able to pivot more rapidly or accelerate changes already underway. The businesses that lack a robust digital backbone or an online presence have struggled, as have those exposed to bricks-and-mortar retail, transportation, energy and tourism sectors. Meanwhile, software companies providing collaboration tools, software as a service and cloud capacity are seeing unprecedented level of demand to meet rapidly changing customer and business demand.”
“However, businesses, no matter how digitalized, need to try and look beyond the immediate business continuity or liquidity issues caused by the pandemic. As more focus turns to the loosening of restrictions in place by governments, we think businesses should be reframing what the future may look like.”
“What lessons should we take from this unprecedented pandemic to prepare for the “new normal” following COVID-19? How can we enable our organizations to thrive in a post-crisis world? Perhaps we can start by thinking about these four things:”
See the four ways you can reframe the future of your company from EY
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