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The recent lockdown and other long term decisions taken by the government to curb the spread of COVID-19 have changed the way companies function. With every geography, industry, and function severely affected, companies need to create a strategy to deal with COVID-19 effects today and prepare for days when the storm calms down. We shouldn’t forget that humanity has survived many pandemics in the past and it’s only a matter of time that we will sail through this one too. This article focuses on what companies should focus on once the virus has been exterminated and things are back on track.
What companies can do once COVID-19 effects wither away?
- Remote working: Due to the recent lockdown imposed by the government to curb the COVID-19 effects, companies across every industry have been asked to allow their employees to work from home. This has come as a boon to both – employees and employers. It has been beneficial for employees because remote working cuts travel time allowing them to spend extra moments of happiness with their families and friends. And for employers, because they have recently discovered that remote working can help them save heavy workplace rents. It is highly likely that once the COVID-19 onslaught is over, companies call employees working only in those departments to the office that cannot make any worthwhile contributions without their physical presence. And rest may be allowed to work from the comfort of their home.
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- Saving money on travel: To bring down the intensity of the COVID-19 effects, governments across the globe have issued a temporary ban on the airline industry. This has encouraged the use of video call software such as Skype, allowing employees to interact with clients working in the other half of the globe. Once COVID-19 has been done away with, it is highly likely that video conferencing will become the norm as it will allow companies to trim travel costs and cut expensive stays at five-star hotels.
- Fall of brick and mortar stores: People have seen the disastrous effects of COVID-19. And concerns grew exponentially when newspapers reported that even paramedics, celebrities, holy men, and national leaders do not fall outside the ambit of the virus. Thus, people will become more health-conscious and it is highly likely that they wouldn’t like to move out of their home even for buying food. They would rather depend on home delivery apps. Also, people will keep away from recreational activities such as watching movies in a theater or visiting malls on the weekend to save themselves from picking a life-threatening virus. These factors may lead to the weakening of brick and mortar stores and strengthen online businesses.
Humanity has never encountered a virus as contagious as the Coronavirus. Scientists across the world are trying to make a vaccine but all efforts have gone in vain. The death toll is rising with every passing day. Companies have been quick to make changes in the way they function and experts suggest that they will continue even after the threat of the virus would have subsided. Adoption of enterprise technology will soon become mandatory. At Sage, we are home to world-class ERP software that will help you fight against the virus and boost your productivity like never before. To know more about it, SMS SAGE to 56767. You can also write to us at firstname.lastname@example.org.
Disclaimer: All the information, views and opinions expressed in this blog are those of the authors and their respective web sources and in no way reflect the principles, views or objectives of Sage Software Solutions (P) Ltd.
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