Every economic shock leaves a legacy, and the deadly coronavirus will be no different.
International manufacturers are being forced to rethink where to buy and produce their goods accelerating a shift after the U.S.- China trade war exposed the risks of relying on one source for components.
Workplaces have amped up options for teleworking and staggered shifts – ushering in a new era where work from home is an increasing part of people’s regular schedule.
The tourism sector is seeing the most drastic hit, with flights, cruises, hotels and the web of businesses who feed off the sector struggling. While tourists will no doubt be eager to explore the world and relax on a beach again, it may takes some time before the industry that hires about one in 10 people recovers.
Read the article at Bloomberg.
