New questions were asked:
- How to manage people working from home and having less face-to-face interactions with customers or suppliers?
- How to accelerate the digitalisation of all the processes?
- How to ensure continuous supply of critical ingredients?
- How to revitalize regional industry to be more reactive and less dependant?
Previous trends have seen tremendous acceleration such as the electrification in the automotive industry, E commerce, E processes.
On a macro levels, debts of most major countries have seen an explosion up to unthinkable levels prior to the crisis. The reimbursement is a significant open question potentially creating a huge uncertainty.
We can carry on but all of them can be perceived as major game changers. Usually, in any strategy review, few are identified and most of them have a medium to long term impact. In 2020, they are many and it is happening now.
Do you have a post COVID strategy?
For sure the landscape is changing dramatically. Market leaders will see their position challenged and could be replaced by emerging players coming from nowhere geographically or with totally new concepts or approaches. Therefore, it is critical to take time to review strengths and weaknesses in this new environment. Some previous strengths can become a weakness or vice versa.
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