What changes are businesses going to see post COVID-19?

What changes are businesses going to see post COIVD-19?

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A pandemic we didn’t see Investment banking companies in India and all over the world are currently facing a crisis. With the onset of COVID-19 and lockdowns all over the world, businesses have run into losses like never before. With no money in the market, it has become difficult for businesses to sustain for themselves and their employees, leave alone think about investing somewhere. Post lockdown, the world is already embracing itself for huge recession. Companies are going to merge, and this is going to be a challenge for the investment banks to manage. www.avendus.com/india

Fight for livelihood Thought most businesses have sorted to working from home, industries that require labour and field work are taking the biggest blow. Governments around the world have no choice but to slowly start opening some sectors of the economy. They have to consider the lives and livelihoods of people.

Maintaining a positive perspective amidst all this is going to be tough too.

Leaders worldwide will have to collaborate and be cooperative and welcoming of new businesses as well.

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Rethinking supply chain Post COVID-19, businesses are going to have to rethink and remodel at many levels. So many times, the bigger businesses weren’t even aware of their entire supply chain and only focused on the vendors that they directly interacted with. The supply chain is going to have to be relooked at in order to be able to assess risk or disruption at all levels. It is also advised that they diversify their vendors so that there isn’t total dependency on just a few of them for the services.

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Embracing technology Until very recently, some of the biggest yet the most traditional businesses weren’t using technology to the fullest. But now with it becoming compulsory to interact online and get approvals the same way, technology is finally being embraced by people and location is no more become a problem for the business to happen. It is a good time for companies to rethink their ESG funds in India as well. Afterall, the requirements and ethics are going to see a spin once work from office resumes.

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Independent nation If we are to talk about India in particular, you will notice that a large part of our functioning and business was dependant on China. But since China had to stop their exports, businesses had to find new ways of sustaining. If a change in government policies and urge to become and independent nation on various terms, many local businesses are going to see an upward graph in their earnings. However, the debate of quality and cost will always remain.

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Thank You

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