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…
Executives in North America and developing markets have become less hopeful about their countries’ economies, while Leaders in China and India are growing more upbeat, according to McKinsey & Company. A July survey of more than 2,000 global executives by the global consulting firm highlights the magnitude of the challenges triggered by the coronavirus pandemic,…
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…
Short-time work policies hold the promise of helping countries combat the economic crisis caused by COVID-19 if they are aided by high uptake, generous wage replacement, incentives, and higher flexibility, says an economist. Michael Wolf from the Deloitte Global Economist Network cites short-time work—sometimes called a work-sharing program—as a policy that has gained considerable popularity…
The coronavirus pandemic has caused a pivot toward smaller influencers as they seem to be offering more value considering budget limitations, according to a recent study. Socialbakers’ State of Influencer Marketing Report shows that about 40% of all brand cooperations over the last 16 months were with small influencers who have 10 to 50k followers….
AI adopters should be proactive in implementing certain measures if they want to gain or maintain an advantage over their industry peers as the disruptive technology becomes mainstream, according to global accounting firm Deloitte. In the 3rd edition of its State of AI in the Enterprise report, Deloitte says there are three things that both…
The tumultuous Q2 of 2020 saw a surge in video usage and live streaming as well as an increase in ad spend in many regions and industries worldwide, according to a study by a global AI-powered social media marketing company. “On the organic marketing side, video usage surged on Twitter and Facebook Live usage increased…
The coronavirus pandemic is expected to lead to a 10x increase in digital nomads in the next two to three years and Portugal seems to have maintained its appeal for location-independent professionals, says an industry expert. “We’re expecting like a really big influx, but it’s not happening quite yet,” David Nicol Williams, co-founder, chairman, and…
As physical sports were grounded by the coronavirus pandemic across the globe, esports not only continued to thrive but also found new fans along the way. Multiple industry reports have painted a fairly bright future for esports—which refers to organized, multiplayer video game competitions—saying that there are great opportunities in this sector despite widespread disruptions…
