The bricks-and-mortars model will become a test-bed for in-store lounges and coffee bars incorporated into the shopping experience. There will also be a creation of new jobs, like local delivery services, which are experiencing an unprecedented surge in demand especially among the most vulnerable populations who have been sequestered.
For the boomer generation, this may become a likely demand. Companies like Hello Fresh, Fresh City and Mama Earth are experiencing very unique IT challenges that are testing the limits of their systems and processes. The option to order from a menu of prepared meals that you can customize is gaining traction as people opt for fresher ingredients and healthier options within an industry that has all but shut down in the last month.
The ability to revamp quickly to deliver product in an entirely new way is testimony to business will and innovation. For transportation services, the demand for stronger ventilation services, and new configured seating arrangements will be needed as commuters will opt for safer options. Perhaps, car sharing or rental cars will be commonplace to avoid mass transit.
The car-to-go personal rental services provide opportunities for individuals to monetize their idle vehicles, and compete with mass transit options.
For those hesitant to readily venture out, the rise of the on-demand service will begin to take shape: from in-home therapy, hair styling, manicures, and home care.
Our children have been given a glimpse of their future and the future of education. According to WEForum :. However, COVID has become a catalyst for educational institutions worldwide to search for innovative solutions in a relatively short period of time. Traditional classrooms and lecture halls will make way for remote education that will move towards more personalized learning.
The inflated cost of higher education will eventually flatten and create increased opportunities for everyone. For elementary schools, asynchronous learning through Google Classroom or Blackboard will be augmented with more one-to-one instruction. This new way of home life will creep into an already remote-working environment for parents. Much-needed peer socializing will require solutions. The need to digitally advance the education sector will also widen the socioeconomic disparity.
Access to data and devices will be the standard and will risk marginalizing the lower income populations. Further, in homes where parents must work, support and care for younger children may redefine daycare, and invoke further economic stress in the process.
Air pollution has been known to kill , people each year. With vehicles confined to garages, air quality around the world has improved. We are getting a taste of how much more livable our cities would be if we designed them for people, not as destinations. If the crash of sought to redefine the financial industry, this pandemic will be the catalyst to define how we live.
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If anything it will get stronger, and that is quite worrying. The power cuts across northern China in recent weeks have led Beijing to accelerate its drive to become more self-sufficient. After hopeful signs that China would wean itself off fossil fuels by shutting hundreds of coal-fired power stations , the hint this week from Beijing of a rethink on slashing emissions is a crushing blow to global cooperation on the climate crisis.
India, which was slow to begin dumping its corporatist economic model in favour of a more global-facing one, has also given a name for its plan to head back in the opposite direction: Atmanirbhar Bharat. In Britain the sudden loss of cheap migrant labour means employers are looking again at their business models. He says he no longer believes the solution is more visas for foreign workers: instead, the price of food will have to rise in line with the cost of producing it. But it will come at a cost.
Everything is more complicated and more expensive.
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