BUSINESS BEYOND COVID
STEPHEN VAN COLLER: Lessons from a global crisis
Covid-19 has changed the world of work, but also presented us with many opportunities
In the Business Beyond Covid series CEOs and other business leaders and experts in their sectors look to the future in the wake of the Covid-19 pandemic. What impact has the novel coronavirus and resulting lockdown had on their industries and SA's economy as a whole, which parts will bounce back first, and which will never be the same again? Most importantly, they try to answer the question: where to from here?
A report in April from Mckinsey described Covid-19 as “ ... one of the biggest destroyers of jobs in human history”. The International Labour Organisation has forecast that the pandemic could reduce global working hours by almost 7% in the second quarter of 2020 — equivalent to 195-million full-time jobs. McKinsey’s analysis suggests that up to a third of the workforce is vulnerable to reduced income, furloughs or layoffs as a result of the crisis...