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Businesses can adapt to the new business environment post-pandemic by embracing digital transformation, focusing on ecommerce, and investing in technologies that enable remote work and online transactions. They can also diversify their supply chains to mitigate risks, and focus on building resilience and agility into their business models. It's also important for businesses to understand and respond to changes in consumer behavior and needs, and to prioritize health and safety in their operations.
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Ecommerce's share in U.S. retail was growing at about one percent every year. Within eight weeks of the pandemic, the number jumped from 16% to 27%. A decade of ecommerce growth took place in eight weeks. Apple took 42 years to reach $1 trillion in value and just 20 weeks to grow to $2 trillion. Trends in economic inequality and unemployment have accelerated as well. Twenty million jobs were added over the last ten years. Forty million jobs were lost within ten weeks. Forty percent of households with income below $40,000 were laid off or furloughed compared to just 13% percent of households over $100,000.
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What will the world of business look like after the coronavirus pandemic? The pandemic will accelerate every trend by a decade and redefine entire ind...
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