EY: COVID-19 pandemic will change face of economy

(ČIA) COVID-19 represents an unprecedented global crisis. Company representatives now have a chance to transform it into an opportunity. And to plan what the world will look like once the pandemic passes. This is the result of an analysis by EY, which says that supply chains and production will change. One possible scenario is abandoning the strategy of offshoring. COVID-19 will also speed up the introduction of technologies, including digital transactions, virtual workshops and videoconferences. Telemedicine and 3D print are also developing on an unprecedented scale. The digital literacy of the population has made a leap in progress that under normal circumstances would have possibly even required several years. The role of e-commerce which is markedly strengthened during the crisis will also determine retail after the crisis.



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