At just a week, after Tokyo Olympic end, COVID-19 pandemic continue to make new waves, from Japan to extend COVID-19 “state of emergency” lockdown, and continue to surge the Delta variant in the US, and the world now considers to take 3th vaccines. Also for a week, Middle East Afghanistan changed governments in the blink of a week, that may create a new set of chain reactions for the rest of the world to behave. World is continuing with and without your action, while the whole world population majority is yet to to take 2 vaccines, and the 3th vaccines is proposed by some country. For some countries adapted co-exist with the COVID-19 pandemic and start to reboot their economy for all the sectors. It is an interdependent nature of the modern world, you may expect this next normal will continue for a period of time. China’s economy is under pressure as factory output missed expectations, so retail sales growth does not show signs for economic recovery. Only viable means for all enterprises is to adapt for the digital transformation at the speed as fast as you can, to mitigate the risk and bigger storm that is coming.
For company yet to perform cloud migration, moving toward hybrid work, and consolidate and streamline business process into digital at bigger scale and proportion, or chop off some of the business units and assets to consolidate into business that are generating revenue, for sure we can expect by end of 2021, more business to fall, as globally consumer willing to spend index is continue to be lower. Unless it is spent on the necessary exceptions for this period of time. Jobless in various forms, whether it is new graduation temporary without a job plus those that are affected. Downsizing, pay cuts to keep jobs for everyone, everyone taking turns for voluntary unpaid off will continue.
We can see that those wiser countries who adapt to “coexist with the COVID-19 pandemic” by making sure citizens take at least 2 vaccines, and roll them to work. The whole purpose is to minimise the risk of causing death, just like how to control the flu. It is a speed race, the faster the country starts to reboot, the higher the chance to save more jobs in their country. In fact, not all the industries and sectors can work from home, and work remotely. For the good side, the entire world is now 10 years faster than before to adapt to digital technology, for almost everything, no just for accepting web meetings, but for exercising self discipline to work alone in a home context which fosters hybrid work as the future of work model earlier than expected.
On the bad side, the natural selection process keeps repeating itself in the cycle, only difference is that we experience this in the very first time that we can not measure it with the 1930s depression, since it completes different worlds and contexts we are living in right now. Are you active in continuing to upgrade yourself to be what the new world needs? If you are not, you are better adapted to it now, to be someone the new world needs.
E-SPIN Group in the enterprise ICT solution supply, consulting, project management, training and maintenance since 2005, across the region E-SPIN do business. Feel free to contact E-SPIN for your project requirements and inquiry.