While this pandemic is arguably a black swan event, COVID-19 is a lesson on the importance of ensuring business agility.
By AS Lakshminarayanan
The world is still coming to terms with the impact of COVID-19 which continues to change everything about life and work as we know it. As strange as they are for many, people are learning to follow guidelines on social distancing and isolation.
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Innovation and technological advancements have ensured that we have the essentials needed to see through this pandemic. Virtual gatherings, remote learning, telehealth, work from home – as nations around the world practice social distancing, technology is what is enabling a sense of normalcy in these strange times.
Businesses too are being forced to adapt. Very sudden mass shifts in working patterns, market dynamics, supply chains and consumer demand would test any business. But in this challenging time, it’s more important than ever that businesses, logistics and supply chains continue to operate, so that citizens, as well as healthcare workers, can get the food, essentials and medical supplies they need to survive and also combat the virus.
Source: Financial Express
