The COVID-19 pandemic has altered the world swiftly and profoundly\u2014and will continue to in the weeks and months ahead\u2014but it is valuable to remember the long view.<\/p>\r\n
The urgent challenge is to solve the medical crisis and the now-unfolding impacts to the economy. But as we start to look forward, we should remember that throughout history, the world has found a way through eras of upheaval and even tragedy. Across time, societies have endured terrible hardships that feel novel each time\u2014and sometimes close to unbearable. And each time our resilience is tested, we\u2019ve struggled toward betterment.<\/p>\r\n
Disruptive and terrible moments like this push leaders to think in new ways, mine new sources of information, and change the way they operate\u2014sometimes fundamentally.<\/p>\r\n
As we consider how the COVID-19 outbreak might shape people, organizations, and companies in the years ahead, a look back might offer insight and hopefulness.<\/p>\r\n
<\/p>\r\n
Automakers like GM moved aggressively\u00a0to accommodate the decrease in household spending, ramping up production and marketing of its low-cost Chevrolet brand. That shift helped lead to a time when nearly every family could afford a car. Still, that change didn\u2019t happen en masse\u2014car-buying habits varied across demographic groups and locations.<\/p>\r\n
During World War II, the military appetite for steel and other metals drove manufacturers to embrace alternate materials for consumer goods. That fed a\u00a0surge in plastics innovation and production\u00a0which continued for decades, shaping regional manufacturing economies, inspiring new consumer habits, and altering the environment.<\/p>\r\n
Starting in 2007, the Great Recession severely impacted labor dynamics, driving many\u00a0middle-skilled workers\u2014in manufacturing, administrative, and similar jobs\u2014out of the workforce. Subsequent\u00a0studies of location data\u00a0revealed that US counties with higher levels of income inequality were less able to withstand the economic downturn. The fallout from that disparity continues to influence a patchwork of economic conditions and even voting patterns today.<\/p>\r\n
COVID-19\u2019s effects have been widespread, but by no means universal. Different parts of the world have experienced different rates of infection and impact. In the US, New Jersey had more than 64,000 COVID cases as of April 14, while Maine had fewer than 700. Italy had lost 20,000 citizens to the virus, while in Greece, fewer than 100 had died. In ordinary and extraordinary times, location shapes what people experience and how they view the world. That reality should be embraced by executives and leaders as they create plans for business recovery in the days and weeks ahead.<\/p>\r\n
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At the moment, many business leaders are practicing what might be called COVID-19 protectionism\u2014ensuring the well-being of employees, idling non-essential production and services, and planning for recovery when conditions allow.<\/p>\r\n
It has been heartening to see so many of them rally around their employees, customers, and front-line workers.\u00a0This list of companies\u00a0taking action is welcome evidence of the business community\u2019s commitment to\u00a0corporate social responsibility, and a reminder of the resilience that often shines during shared hardship.<\/p>\r\n
As we begin, perhaps warily, to map out recovery plans, it is important to recall the major shifts of decades past, to consider how this pandemic may influence habits and views, and to assess where and how businesses will change as a result. Here are a few examples where this dynamic is already playing out:<\/p>\r\n
Millions of professionals are now working from home, and when COVID-19 shelter-in-place orders recede, some percentage of them will likely become permanent or semi-permanent remote workers. For those who return to the corporate office, things may change, too. Cushman & Wakefield, a top corporate real estate firm, has formed a task force to advise clients on how to set up what it calls \u201cthe 6-foot office\u201d\u2014a space that encourages social distancing and better protects employee health.<\/p>\r\n
The push toward more careful space planning is likely to change the CRE industry and corporate offices for years to come. HR planners and corporate leaders have already used indoor location technology to\u00a0map facilities and understand their asset usage. That same tech will play a central role as they reconfigure offices for a post-COVID reality.<\/p>\r\n
Many companies shifted a large percentage of employees to home-office work in just weeks or months to accommodate coronavirus shutdowns. When executives have more time to assess the long-term options for remote work, they\u2019ll rely on new sources of information, including data on which towns or neighborhoods have reliable access to broadband service. (see the sidebar for more.) With that\u00a0location intelligence\u00a0in hand, some executives might seek creative ways to partner with broadband providers to improve access for people on the wrong side of the\u00a0digital divide.<\/p>\r\n
Effects of the COVID-19 outbreak on the retail sector have been stunning. Shutdown orders have driven some companies\u00a0toward the brink, while others have benefited from spikes in online shopping or have found creative forms of contactless delivery to keep customers safe. Business leaders who embrace new customer expectations during the pandemic are likely to retain many of those customers in the long run. As Gartner\u2019s Amie Song told\u00a0AdWeek<\/em>\u00a0recently, Chinese online retailers JD.com and Tmall grew precipitously in the early 2000s after the SARS outbreak scared many shoppers away from stores and onto computers and phones.<\/p>\r\n Today, e-commerce is ingrained in our shopping patterns, but it still accounted for just\u00a010 percent of US retail sales\u00a0at the close of 2019. COVID-19 is changing that dynamic, as evidenced by March\u2019s 74 percent year-over-year\u00a0increase in online sales. Like social distancing in offices, online shopping habits formed during the COVID-19 pandemic may persist well beyond the crisis. Those preferences will differ in each global location, and businesses that use location data to understand them will find ways to cater to evolving tastes.<\/p>\r\n In a retail climate where fashions change rapidly, calling something the new normal is a misguided approach. Companies that stay nimble and explore emerging sales techniques may manage to make a positive impression on shoppers long after COVID-19 fades.<\/p>\r\n COVID-19 has changed the fortunes of many manufacturers nearly overnight. Late in March,\u00a0sales of hair clippers\u00a0rose 166 percent from a year earlier as at-home haircare caught steam. Meanwhile, makers of products as diverse as video game consoles and toilet paper couldn\u2019t keep their offerings\u00a0in stock at retail outlets. On the flipside, milk producers were dumping excess product as restaurants idled and grocery shoppers opted for less-perishable foods.\u00a0Automakers reported sharp sales declines, with more likely to come, and some paper mills went on hiatus as shuttered schools and offices undercut\u00a0demand for paper products.<\/p>\r\n When a slowdown or surge like that brought on by COVID-19 hits, manufacturers that use\u00a0GIS technology\u00a0know the exposure risk at their tier 2 factories, the status of finished goods in transit, and where demand for products is outside normal levels. Some have\u00a0built that supply chain awareness\u00a0over years to cope with natural disasters; more will in the near future.<\/p>\r\n As they do, they should consider which forms of customer demand will reach beyond the crisis and which may emerge. For instance, following the SARS epidemic of 2003, many Beijing residents\u00a0bought cars\u00a0to avoid what they saw as the public health hazards of public transportation. The COVID-19 pandemic could reset transportation attitudes in similar ways. Executives can use GIS to track consumer sentiment in locations worldwide and prepare for consumer changes.<\/p>\r\n Before the COVID-19 outbreak, bank leaders were already becoming savvy students of location information. In the wake of the virus, wise executives will pay greater attention to how location affects their customers.<\/p>\r\n COVID-19 has exposed glaring inequities across the country and the world. In addition to early indications that the disease\u00a0disproportionately imperils minority populations, we\u2019re also reminded that many communities lack access to key services, including healthcare, the internet, and banking.<\/p>\r\n As of early April, the pandemic had produced a\u00a050 percent jump in online banking\u00a0as homebound citizens turned to mobile devices to manage finances. While some communities have contributed heavily to that surge, others have been left out due to poor digital access, lack of bank accounts, or both.<\/p>\r\n That may prompt some bank executives to continue rethinking the purpose and format of branches. Consider the innovative\u00a0Capital One Caf\u00e9s, designed to resemble coffee shops more than traditional bank branches. Aimed at Millennials who might otherwise shun traditional banking options, the locations debuted in 2017 featuring resources such as community rooms for local nonprofits, free money coaching, and WiFi-equipped meeting spaces. Some banks are already experimenting with a middle ground, including the delivery of banking services via customized trucks that visit neighborhoods on a rotating schedule.<\/p>\r\n Decisions on whether and where to expand such services will be highly influenced by the needs of individual neighborhoods, something leading banks have been analyzing with GIS technology for years. As pandemic restrictions begin to fade, the demands on banks will continue, but the complexion of their presence in many locations may well change.<\/p>\r\n Throughout the COVID-19 crisis, one group of employees has been busy helping executives and colleagues navigate important decisions. Analysts and data scientists have been the newsgatherers of this pandemic, using GIS technology to map conditions for many types of business. They\u2019ve used data from inside and outside their companies to deliver intel on the well-being of employees and customers, while making sense of health and business conditions around the world.<\/p>\r\n At one retailer with a presence in almost every US state, the pandemic immediately raised executives\u2019 interest in smart maps and dashboards. Analysts used GIS technology to map store-level data that had been confined to spreadsheets, creating near real-time maps of store openings, employee availability, and COVID-19 cases in each location\u2019s county.<\/p>\r\n At a US grocer, the emergency operations center quickly became the GIS team\u2019s biggest client. Analysts delivered location intelligence on maps and dashboards, creating situational awareness to help executives make key decisions on employee and customer health.<\/p>\r\n <\/p>\r\n On the far side of\u00a0the COVID curve, these teams of location specialists will remain vital, providing insight on how and where businesses can ramp up safely and effectively to meet emerging customer needs.<\/p>\r\n It may be jarring to think that days of turmoil are closer to normal than we imagine, but it\u2019s also comforting to remember how resilient we can be. And while consumer habits and world views may vary by location, it\u2019s encouraging to know that perseverance is universal.<\/p>\r\n <\/p>\r\n Read more >>\u00a0\u00a0Business Continuity Solutions\u00a0<\/strong><\/a><\/u><\/em>ready to use solution for your organization<\/p>\r\n <\/p>\r\n <\/p>\r\n <\/p>\r\n <\/p>\r\n","protected":false},"excerpt":{"rendered":" The COVID-19 pandemic has altered the world swiftly and profoundly\u2014and will continue to in the weeks and months ahead\u2014but it is valuable to remember the long view. The urgent challenge is to solve the medical crisis and the now-unfolding impacts to the economy. But as…<\/p>\n","protected":false},"author":1,"featured_media":7584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[89],"tags":[127,29],"class_list":["post-7594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-en","tag-business-continuity-en","tag-health"],"yoast_head":"\n\u00a0<\/h3>\r\n
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