There’s gonna be winners and there’s gonna be losers
Discussion
I expect lots of business and organisations will have to adapt to new ways of working which may actually turn out to be better in the long run. Maybe things like having more employees working remotely or less business travel or different production methods etc.
Often disruption like this can force change which can lead to better methods and innovation, assuming the business doesn’t actually fail beforehand.
After it’s finish me business and organisations will just return to the pre virus methods but others will have been forced to innovate and adopt these new strategies for the future.
If it lasts till May and then tapers off, then hopefully most business will be able to survive.
Often disruption like this can force change which can lead to better methods and innovation, assuming the business doesn’t actually fail beforehand.
After it’s finish me business and organisations will just return to the pre virus methods but others will have been forced to innovate and adopt these new strategies for the future.
If it lasts till May and then tapers off, then hopefully most business will be able to survive.
Arbitrage comes to mind, both the City financial variety and the timeless "move goods from here to there" variety. It could be interesting if somebody here has insight to such events.
On another note:
Both Google and Microsoft are using the "Work at home" edict to generate trial and sales of groupware:
https://www.theverge.com/2020/3/3/21163744/google-...
And further:
There could be a bit of Pandora's Box going on. By this I mean that while we begin to make temporary changes to the ways in which we live, work, and play... Some elements of these changes may prove to be more enduring than temporary.
Ever greater numbers of people might switch more or less permanently to online grocery shopping and use of last-mile delivery services.
Companies large and small have allowed for distance work or working from home. Later this year, and having found quite reasonable productivity during the time of Coronavirus, some organisations might become even more flexible about where and how employees perform their tasks.
In some parts of the world, this may have a knock-on effect in commercial real estate, co-working, and the like.
You could have a huge list of both positives and negatives, winners and losers. This is my tuppence worth, high street retail will suffer even further, for obvious reasons about movement.
On the other hand online will prosper, depending on production, distribution and delivery isn't affected. I think in China even deliveries were curtailed except for essentials.
You could argue that funeral directors would prosper from potential increase in deaths but I think if it gets very bad there won't be traditional funerals.
My money would be on large scale refrigeration units.
I really hope for everyone's sake it ends soon and isn't as bad as feared.
On the other hand online will prosper, depending on production, distribution and delivery isn't affected. I think in China even deliveries were curtailed except for essentials.
You could argue that funeral directors would prosper from potential increase in deaths but I think if it gets very bad there won't be traditional funerals.
My money would be on large scale refrigeration units.
I really hope for everyone's sake it ends soon and isn't as bad as feared.
turbobloke said:
Tissue manufacturers, not to be sniffed at.
There has been widespread panic buying of dunny paper in Australia. So much so that the Prime Minister has told people to lay off it a bit and supermarkets have place buying limits. People are crowding shops first thing in the morning and have even taken to hanging around the loading dock in attempts to get the good stuff first. Needless to say, the toilet paper manufacturers are really cleaning up!Some interesting articles popping up, here and there, on change to our ways of working:
How the coronavirus could change the way we make TV
https://www.ibc.org/create-and-produce/how-the-cor...
Coronavirus is rapidly changing the way we live in California
https://www.latimes.com/california/story/2020-03-1...
What’s Your Company’s Emergency Remote-Work Plan?
https://hbr.org/2020/02/whats-your-companys-emerge...
"Last month I wrote that the coming widespread rollout of 5G would change the way we work this year, and I still believe that's true. What I didn't account for at the time, however, is that there's another variable likely to force many of us to make those changes much sooner than we may have thought."
https://www.inc.com/jason-aten/the-coronavirus-out...
Catherine Stihler: Virus could change way we work
https://www.heraldscotland.com/news/18293142.cathe...
City of London
Banks and FS will move to more remote working saving on building costs, rates and support staff also if they continue post virus sickness might fall as hangover wfh is possible v throwing a sickie. Internet providers as people make surebroadband is sufficient, pc world as people buy new laptop mouse monitors etc for home.
Loosers in this scenario, commercial real estate land lords, support staff, pret a manger etc, and TFL if everyone does 3 days from home thays a 60% reduction in travel.
Banks and FS will move to more remote working saving on building costs, rates and support staff also if they continue post virus sickness might fall as hangover wfh is possible v throwing a sickie. Internet providers as people make surebroadband is sufficient, pc world as people buy new laptop mouse monitors etc for home.
Loosers in this scenario, commercial real estate land lords, support staff, pret a manger etc, and TFL if everyone does 3 days from home thays a 60% reduction in travel.
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