As efforts to contain covid-19 crippled entire economies, put millions out of work, and forced office workers to clock in and out at home, every business–and every individual–has made changes. Some adjustments are or were short-term, such as commercial airlines offering cargo flights or even staid organizations permitting staff to work remotely. But it’s evident that deeper business transformations are underway. Organizations are reshuffling existing priorities and accelerating investments in technology to remain competitive while supporting the needs of their workforces.
To get insight into organizations’ plans and expectations, MIT Technology Review Insights surveyed 372 business leaders from its Global Panel executive group to learn about covid-19’s financial impact on organizations, its effect on their strategic decisions, and where management is investing company resources.
The financial impact is significant. Among respondents, 62% expect 2020 company revenue to decrease–a quarter of them by more than 25%.
To survive, businesses must adapt, and to accomplish that, they are leaning heavily on technology. Nine out of 10 business executives agree that corporate technology adoption will increase in speed because of covid-19. In fact, 44% “strongly agree.”
Download the full report.
The following key safety measures in the plastics industry protect workers from hazards. This guide…
Get practical insight on keeping equipment reliable in tough settings. Learn why surface treatments matter…
Is poor credit holding your business back? Learn how a low score can prevent you…
Get your yard ready for the cold season. Follow these simple steps to protect your…
Formaldehyde is present in more items than you might realize, from personal care products to…
Experience the excitement of winter with unique adventures like ice hotels and frozen trails, creating…