Business insight
The live music industry is indefinitely on hold amid the coronavirus pandemic as concert halls and similar venues are closed, and this has led to the suffering of thousands of artists and crew members around the world. A survey of nearly 2,000 music professionals by the National Independent Venue Association (NIVA)—a recently established advocacy group…
The economic damage to the global tourism sector as a result of the coronavirus pandemic is likely to exceed $1 trillion this year, which would set the industry back two decades, according to a new report from the United Nations. “Depending on when travel restrictions will be fully lifted, the World Tourism Organization expects international…
Germany is considered a success by European startups when it comes to crisis management and resilience in the ongoing COVID-19 pandemic, according to the initial results of a survey by Startups & Places. The annual survey, which was launched in June 2020 and is still open, aims to map and share the most significant trends…
Some health experts around the world have been warning about a new wave of the coronavirus pandemic but another group is reluctant to label the rise in cases a “second wave”, arguing that it is too soon to predict how the situation will pan out. According to Euronews, the World Health Organization warned in late…
The shared mobility industry has very quickly lost both passengers and profits as a result of the coronavirus outbreak but it can make a strong comeback with the right strategies, says McKinsey & Company. “Consumers are indeed wary of shared mobility, given the risk of viral infection, and mobility-service providers (MSPs) must take decisive…
Lifting coronavirus lockdown restrictions may not by itself be sufficient to restore confidence or growth and economic recovery will start only when the pandemic is under control, according to McKinsey & Company. “The evidence heavily suggests that a multifaceted public-health response that goes well beyond a simple transient lockdown is a necessary first step to…
Some trends looked years away from the mainstream before the COVID-19 pandemic but are now suddenly seeing accelerated mass adoption. Analysis by TrendWatching—a consumer trend-watching firm—shows that the following 10 emerging consumer trends offer powerful early signals of what people will value and their priorities in a post-coronavirus world. 1- Virtual Experience Economy The…
Asia-Pacific will remain the retail industry’s growth engine in the post-corona world. Retailers need to prioritize action in several key areas if they want to gain a sustainable edge over rivals, analysts from consulting firm Bain said in a recent report. According to the report titled “The Future of Retail in Asia-Pacific: How to Thrive…
Aside from delaying personal trips and vacations, the sudden halt of global travel during the coronavirus pandemic has had a major impact on companies whose workforces used to travel frequently as well as airlines and hotels that depend heavily on revenue from corporate travel. At times of uncertainty like now, it is difficult to predict…
Ambient experience, exponential intelligence, and quantum are three technologies that are waiting in the wings and will likely become macro forces toward the end of the 2020s, according to Global accounting and consulting firm Deloitte. “Like cloud technologies before them, they will evolve over time and perhaps cross-pollinate with other forces to create something wholly…
