All of our clients are putting their future negotiations on hold, finding ways to end their current lease and shifting to work-from-home all together.
Our office just had its first video Zoom session,
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What are some industries that will be completely changed or destroyed by COVID-19?
What are some industries that will be completely changed or destroyed by COVID-19?
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These industries are likely to change most:
Learning - e-learning, which had been delayed due to the power of traditional learning unions, will gradually be the norm and, like theatre lost to cinema, traditional learning will disappear all but for the elite
Trade and Logistics - already large move towards online, small independent brick and mortar stores will disappear, and overall it is the fall of commuting and transport and rise of the tele-everything, trade fairs and events will be replaced by virtual reality versions while private airline sector is experiencing slaughter
Healthcare - people realise that is has to be more flexible and less centralised, must move to local or house-based from mega hospitals, for example cheaper versions of breathing support devices could have saved huge amount of lives in Italy
Hospitality and Entertainment - devastation of cafes, bars, restaurants, cinemas, classical music concerts, other popular showbusiness, as well as ocean liners, and vices such as gambling and sex services while streaming services and video games will advance further
Finance - due to coming bankruptcies at company and government level, people will be looking for alternatives to the existing money and finance as well as the basic notions of economics
Government - re-evaluation of everything will happen due to failure of traditional politics and governments