Question

Based on what we have all been experiencing due to the COVID-19 Global Pandemic, describe two things that we have learned about our global business environment and /or make two predictions about what you think will happen in our global business environment as a result of the pandemic.

Answer 1

Business process works across the world are seriously disturbed because of the monstrous weight of the pandemic emergency. For some multinationals, complex and business-basic administrations that are dealt with by worldwide activities must be rethought and rebuilt. Associations must react quickly to keep up congruity and to de-chance their activities to serve their organizations now, and later on. Embracing a disseminated worldwide administrations model can help huge associations across ventures—from oil and gas to interchanges and media—to diffuse undertaking hazard. What's more, computerizing routine assignments with human+machine models, where everybody is an information laborer, can likewise assist with serving organizations now, and to situate them for development post-COVID-19.

While Direct-to-Consumer and B2B associations scramble to meet quick and crisis needs, the Coronavirus pandemic has initiated another influx of trade development. New purchasing practices are framing that are probably going to stay after the emergency has passed – and this presents openings. The individuals who saw digitalized trade as an auxiliary channel, presently need to reprioritize their business with an advanced business center. For instance, retailers are energizing to give "contactless" conveyance and check side get administrations for purchasers.