COVID-19 is a Black swan event that takes place maybe once a century. This is, without any doubt, the toughest event that all of us are experiencing in our lifetime. We have never seen destruction, loss of lives and erosion of Economy of this scale ever. Like any other catastrophic global event, it will take time, sweat and tears, but we will get over it!
However, it will leave a very strong impression on Individuals, Corporates/ Start-ups and Governments. Individuals will reassess their lifestyle, priorities, education, career and finances. It will also leave a deep impression on the way Corporates and Start-ups builds products & services, handle customers, do manpower management, and run their operations. It will impact the way they manage their balance sheet, profitability and cash flows. Some of the corporations and start-ups will be forced to go back to basics and build long term sustainable business that solves real world problem. Here are some macro changes that I forsee.
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