Since November, the highly-infectious COVID-19 variant that emerged, it now bring in new wave of global threat and impact on the next-normal we expected slowly moving toward world economy recover with all the sector and border open for business and trade.
Coronavirus vaccines are being distributed or in distribution, but the rise of the new COVID-19 variant is seen like infection at 10x the speed of the original COVID-19 pandemic, from world statistics. Whether it is a bio weapon in design and execution in intent or is a lab leak or whatever, the world economy as a whole continues to be affected.
As a well known fact, traveling, airline, hotel and retail business and sectors are impacted by COVID-19 pandemic, national border lockdowns impact almost all the citizens for living. And failing to contain the spread is making it a nightmare for the population at large, due to not being back to business as usual.
We can see from the world statistics, it is highly suspicious for some countries to declare zero or an unusually small number of COVID-19 infection rates. Whether it is by purpose to attempt to cover it and to prevent the country economy or whatever, the COVID-19 pandemic global threat as a whole, as long as it continues to exist in the world, it will continue to affect how the world is usually to be. This is why market analysts speculate the world economy will recover around 2023, due to the fact once the business is being downsized, shut down and it takes the time to rise back at the same scale of the operation.
We keep seeing various forms of downsizing, restructuring, takeover, merge and acquisition take place, in particular for development and investing in the digital business channel. Physical retail outlets that can not make a contribution, will be shut down and migrate the retailing over the digital and internet channel, this is why we continue to see world shopping continue to be, but shift to digital shopping and buying online instead.
E-SPIN would like to recommend and propose for the world of business, if you are yet to look into digital transformation your existing business, it really it time to look into it, but not in the surface, but by really understanding how it is, so you can evaluate the business potential and how it can be use to navigate your business in the current and future tomorrow.
E-SPIN in the business of enterprise ICT solutions consulting, supply, project management, training and maintenance since 2005, for customers across the region. Feel free to engage E-SPIN for collaboration and implementation for the digital transformation to help your business achieve scale, scope and speed that is needed for the modern and tomorrow future business.