What changes are businesses going to see post COIVD-19?

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What changes are businesses going to see post
COIVD-19?
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A pandemic we didnt see
Investment banking companies in India and all
over the world are currently facing a crisis.
With the onset of COVID-19 and lockdowns all over
the world, businesses have run into losses like
never before. With no money in the market, it has
become difficult for businesses to sustain for
themselves and their employees, leave alone think
about investing somewhere. Post lockdown, the
world is already embracing itself for huge
recession. Companies are going to merge, and this
is going to be a challenge for the investment
banks to manage.
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Fight for livelihood
Thought most businesses have sorted to working
from home, industries that require labour and
field work are taking the biggest blow.
Governments around the world have no choice but
to slowly start opening some sectors of the
economy. They have to consider the lives and
livelihoods of people. Maintaining a positive
perspective amidst all this is going to be tough
too. Leaders worldwide will have to collaborate
and be cooperative and welcoming of new
businesses as well.
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Rethinking supply chain
Post COVID-19, businesses are going to have to
rethink and remodel at many levels. So many
times, the bigger businesses werent even aware
of their entire supply chain and only focused on
the vendors that they directly interacted with.
The supply chain is going to have to be relooked
at in order to be able to assess risk or
disruption at all levels. It is also advised that
they diversify their vendors so that there isnt
total dependency on just a few of them for the
services.
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Embracing technology
Until very recently, some of the biggest yet the
most traditional businesses werent using
technology to the fullest. But now with it
becoming compulsory to interact online and get
approvals the same way, technology is finally
being embraced by people and location is no more
become a problem for the business to happen. It
is a good time for companies to rethink their ESG
funds in India as well. Afterall, the
requirements and ethics are going to see a spin
once work from office resumes.
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Independent nation
If we are to talk about India in particular, you
will notice that a large part of our functioning
and business was dependant on China. But since
China had to stop their exports, businesses had
to find new ways of sustaining. If a change in
government policies and urge to become and
independent nation on various terms, many local
businesses are going to see an upward graph in
their earnings. However, the debate of quality
and cost will always remain.
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Thank You
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