Global Challenges and Opportunities Post Pandemic
Journal: International Journal of Science and Research (IJSR) (Vol.9, No. 11)Publication Date: 2020-11-05
Authors : Rebecca F. D'souza;
Page : 1577-1581
Keywords : Economy; Global Challenges; Global Supply Chains; Human Behavior; Innovation; Reimagining; Technology; Unemployment;
Abstract
With societies and economies on the edge around the world, as some countries focusing on the economy and not on livelihoods, the statistics of the human mortality rate is a hidden agenda, as we all know the best available data is far from perfect. Companies, organizations and institutions are experimenting and coming to understand its full impact on their businesses and administrations and how to proceed further positively. Experimental business strategies are on the go and will reshape the world and could be best suited to medium and long term strategies and goals, which still have to be tried and tested and how to implement and take it more seriously to the next step, which could prevent losses and risks in the future. According to a survey held, how retailers can keep up with consumers, businesses are tracking customer needs and expectations, spending behaviors. People are forced to make changes and these changes also creates new doors for managing the system and restructuring trade, labor, technology, governance and health issues throughout the world due to the challenges faced, they are still confused, as to how things will end in the future with this crisis. Innovative technology could reimagine the way of life in this current scenario by giving us the right data on balance, risk and opportunities the best of do’s and do not, for societies and businesses etc. There could be a reset after covid-19 crisis, for medium to long term changes for challenges and opportunities globally.
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