Business need to stop fretting about going back to the pre- pandemic ‘normal’. That may never come back, so its better they prepare for a new dynamic. For a start, companies need to devise policies for remote working. These then need to be incorporated in to the formal corporate strategy. Instead of the old lines and silos, this new system will reinforce team work and networks. Getting hold of a distributed workforce needs to be the target for the talent recruitment wing. Supply chains need to stop focussing on single product alone, but on the overall scheme. The entire system of capitalism needs a more long –term perspective. Instead of working towards trade- offs, companies would be well- advised to opt for embedding sustainable solutions. Commerce need not merely shift to an online mode, but to a contact- less one. The return to work post lockdowns, needs to be about reimagining the workplace.

Source:https://www.mckinsey.com/featured-insights/leadership/from-thinking-about-the-next-normal-to-making-it-work-what-to-stop-start-and-accelerate

Uploaded Date:25 May 2020