HomeCoronavirus pandemic: Updates from around the worldBusinessCoronavirus pandemic: Updates from around the world

Coronavirus pandemic: Updates from around the world

For most of this year, China has been living seven weeks in the future.

The world’s second largest economy was the first to be hit by the coronavirus outbreak — and also one of the first to gradually reopen. And as the rest of the world prepares to do the same, companies that were forced to first respond to the outbreak in China are using their early experiences to form a blueprint for other regions.

Here’s a look at how the future of business has changed — and how China is giving us a preview.

The way we work: Companies are starting to think about how to implement social distancing and safer behaviors in the workplace.

For instance, desks can be further spaced out, and sensors could replace the shared surfaces we used to touch; instead of swiping your entry pass to get indoors, for example, you might face a facial recognition camera or pull up a QR code on your phone.

And after months of working from home, the way we communicate at work has also changed, with a boom in demand for enterprise software.

A pedestrian walking by a Nike store in Shanghai in March.
A pedestrian walking by a Nike store in Shanghai in March. Credit: Yves Dean/Getty Images

The way we shop: As millions of people hunker down at home, they’re being forced to create new routines and lifestyles — and change their shopping habits.

Nike pivoted quickly and effectively by accelerating its online business in China. Digital sales in Greater China rose more than 30% last quarter, while weekly active users for its activity apps shot up 80%, CEO John Donahoe told investors.

The way we manage our supply chains: The pandemic saw shortages of materials and critical supplies, and a crisis of worker absenteeism.

That’s forcing businesses to rethink how they ship or send out their goods, and may force a reinvention of the global supply chain. The pandemic was “a wake-up call” for many companies, said Alain Benichou, CEO of IBM China.

Read the full story:

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

payday smile logo

PaydaySmile.com is a financial technology company specializing in payday loans and financial solutions. With a keen focus on catering to payday lending needs, the company provides tailored loan options and tools to assist individuals seeking short-term financial assistance. It’s important to note that while we offer financial tools and resources, we are not a direct lender.

Advertiser Disclosure: This website is an independent, advertising-supported comparison service. The card offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.

© 2024 PaydaySmile.com . All Rights Reserved.