Depend on the country and how severity of the COVID-19, some is recovery and toward new normal, but we also have country is facing challenge for next normal, where evolutes COIVD-19 is come back. Until the new and proven cure is existed, the journey move of country encounter for sure is new normal to next normal.
For the world that depend on the internal trade and free movement of people, like airlines, tourism, or mass event and even art and cultural exhibitions and museum, all is affected with the lockdowns and dramatic drop in the international travellers and for most of them will required government proactive sponsor and rescue to live in the new normal to next normal.
As the world is forced to adapt and transition from month, 3 months, 6 months or may be a longer global scale recession, not all industries and sectors can survive. If the business enterprise is forced to shut down, then the job they created will be lost, and that will bring in negative momentum. Entire planet human society and business trade and commerce is shrinking and it takes a long period to re build up.
Companies and enterprises that are hit and without criss management planning or response to it in a timely manner, we can keep seeing them in the news headlines. Digital transformation (DT) is one of the major and core competencies all the business and enterprise, even government agencies should possess. Because they are more ready compared with traditional and work like business before companies. With nothing new, markets favor those that can provide innovative and future proof products and services. Suppliers that can not really provide the fundamental value added, buyers will shift to alternative suppliers who can. New entrant players bring in new innovative products and services, compared with those that maintain the old and maybe outdated products and services.
Established business that run and lead by what type of management and leadership team, are there really knowing about and focus on, review from time to time for what the market needs, are they had the courage to start the new venture into new business/model instead of reactive keep the old business that lost the value for the customer? Digital Transformation (DT) remains the top in every CEO and top management and leadership list of competency to be acquired, as the world moves toward digital economy, and more trade can be done via digital rather than other traditional channels of business. Simply parking the digital transformation into existing business model or restarting everything and ask what the market needs and want from now and future, work backward to put all the enabling infrastructure, process and function in place to support that, is two very different way we keep notice for company and business (include government agency) acting on the subject matters. Ask yourself, are you have the crystal clear answer for who is the customer company to be served in the 5 years from now? what are the core competencies required to compete with the competition. How should we structure and to align resources to make sure companies keep growing or at least adaptive to the new normal and next normal world.
E-SPIN in the enterprise technology solution consultancy, trading and enabling business for customers across the region E-SPIN did business since 2005. E-SPIN is keep adaptive and practice digital transformation (DT) and at the same time assist various customer in different sector and industry for digital transformation (DT) projects and requirements, feel free to contact E-SPIN for the project and operation requirements from the technology consultancy, transformation and enabling requirements.