Technology has played a critical role in helping us adapt to the maelstrom of disruption caused by the coronavirus pandemic and the new realities of daily life. Amongst all technological innovations, automation has proved to be a major optimization lever reshaping industries across the globe. The trust of businesses in the power of automation is…
As many as two million women across the United States are considering taking a leave of absence or leaving the workforce altogether due to the challenges created by the coronavirus pandemic, McKinsey & Company says. The exodus means the corporate world will end up with far fewer women in leadership roles and far fewer women…
The coronavirus pandemic hit the global office real estate market hard but it is expected to fully recover in the next decade despite the accelerating remote work trend, says a new study. “The structural impacts of work-from-home trends will be offset by factors such as economic growth, population growth, and office-using penetration, which means demand…
Only 50% of employees believe office spaces are safe and even fewer trust their CEOs and senior managers to ensure their workers are protected from getting or spreading the virus, according to a recent survey. “In most countries, only a quarter or more will go back to the office before Christmas,” public relations firm Edelman…
The impact of the coronavirus pandemic on the global property market is well reflected in the grim statistics that are being released daily. The real estate sector in Portugal, like in many other countries, took a huge hit when the novel virus began to set the world ablaze with fear and uncertainty. With tourism at…
Executives almost worldwide are more optimistic about the economy and their own companies’ performance than they have been at any time so far during the coronavirus pandemic, according to a new survey by McKinsey & Company. “More than half of all executives surveyed say economic conditions in their own countries will be better six months…
The immediate effects of the coronavirus outbreak and the ensuing lockdowns exacted a heavy toll on the global economy and presented the greatest challenge in a decade for the auto sector. According to McKinsey & Company, global sales of light vehicles in 2020 are expected to decline 20 to 25 percent from pre-pandemic forecasts. In…
The coronavirus sent the world into a frenzy in late 2019. Since then, many leaders have had to make tough financial decisions and introduce significant changes to stir the boat of their business to the other side of the pandemic and the shores of survival. Now that businesses are back to work after a…
The coronavirus pandemic hit Asia first, but its countries including emerging ASEAN—Indonesia, Malaysia, Philippines, Thailand, and Vietnam—have to date recorded considerably lower transmission and fatality rates per capita than other regions in the world. “As of August 20, 2020, transmitted cases per million people stood at approximately 582 across emerging ASEAN countries compared with 16,737…
Both hotels and the short-term rental market are reeling from the coronavirus-driven travel collapse, but industry reports show that the latter is weathering the health crisis more successfully due to its different nature. “The features that differentiate short-term rentals from hotels—such as full-service amenities, living space, larger properties, and inventory in more remote destinations—have proven…
