COVID-19: Implications for business

The coronavirus outbreak is first and foremost a human tragedy, affecting hundreds of thousands of people. It is also having a growing impact on the global economy. This article is intended to provide business leaders with a perspective on the evolving situation and implications for their companies. The outbreak is moving quickly, and some of the perspectives in this article may fall rapidly out of date. This article reflects our perspective as of April 13, 2020. We will update it regularly as the outbreak evolves.

 
Our latest perspectives on the coronavirus pandemic.

In this note, we offer some of our latest insights on the COVID-19 pandemic, starting with a survey of the current epidemiology and the five dynamics leaders need to watch: the efficacy of the surge in critical care, the expansion of testing and other traditional approaches, the development of antibody testing, the unknown nature of immunity, and a wave of innovation that might produce treatments and vaccines.

We then highlight four of our many recently published articles, each designed to help senior executives lead through the crisis. In “How to restart national economies during the coronavirus crisis,” we offer a new framework to help business, economic, and public-health leaders around the world know when it would be safe to reopen portions of their domestic economies. “Europe needs to prepare now to get back to work—safely” provides Europe-specific insights on the same critical topic. Many Asian economies have already reopened in part. Drilling down even further, in “Winning the (local) COVID-19 war,” our colleagues explain how local leaders can take up the fight. And in “Could the next normal emerge from Asia?,” we consider the new behavior and ways of working, now being tested in Asia, that might soon become global standards.

These and many more articles are available in our collection of coronavirus thinking.

The outbreak is moving quickly, and some perspectives here may soon be out of date. This article reflects our perspective as of April 13, 2020. We will update it regularly as the crisis evolves.

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Πηγή: mckinsey