The Covid-19 crisis has forced companies to react immediately to protect their employees, customers and suppliers creating a disruption of operations and an unprecedented financial crisis. Every industry, function and geography is impacted.
Over the past few months, our organizations have passed a major stress test and are still facing constant changes. We must acknowledge that this situation will last several months before finding a medical solution to treat or eradicate the disease. This is the new reality we have to operate in.
This world has changed to a new reality:
A new kind of economic crisis that needs time to recover from
As the interruption of the economy has been brutal for all of the world’s economies, the recovery will be long, as all inter-linked industries will need time to be reactivated efficiently. Organizations have to live in this persistent landscape of austerity.
Opex matters for everyone and catching any revenue will be vital.
Social distancing is becoming the new normal
As it is the only solution possible to master the sanitary crisis after the lockdown, the social distancing in place will last several months and will be integrated as new behaviour into our society to avoid a second round of contamination.
The positive flip-slide: the last few months have shown that it works and could have some positive impacts on business (travel, real estate…) but it has already started to challenge operations dramatically (Sales channels & associated supply chains, ways of working, management styles…).
Uncertainty on the upcoming future of business
As it was predicted, but unheeded, this crisis has demonstrated that the unthinkable is now possible. This global stress test shows the reality of companies’ strengths and weaknesses faced with a new situation. Organizational resilience is again becoming a clear, fundamental priority.
The current crisis demonstrates also that some business models are no longer viable, while others -considered as marginal- are becoming de facto core business.
These ideas mean deciders will have to sit back and rethink their business models to cope with uncertainty of this new reality.
Digital is seen as the solution, everywhere
It has been a decisive factor to avoid a major disaster allowing people to work remotely, to run online medical consultation, companies to provide essential goods and services and families to maintain education during the lockdown.
Companies which were not digitized had to deal with complex situations and will have to take lessons from the Covid-19 crisis to dramatically accelerate their transformation and move to the Cloud.
5 answers to address this new reality:
COST ➜ Reduce cost & increase productivityFrugal IT – Distributed Cloud – Cloud Migration – Hyper Automation with RPA – Entreprise platforms – Low code no code
REVENUE ➜ Increase “phygital” revenueProducts & Experience – Digital Factory – CRM – Marketing Automation
PEOPLE ➜ Deploy the extended workplaceChange Management – New ways of working on O365 and G Suite – E-Training
RESILIENCE ➜ Ensure 360° enterprise resilienceGRC – Third-party Risk Management – Digital Identity – Cloud & Data Security – SecDevOps
ADAPTABILITY ➜ Reshape business model for an uncertain futureOperating Model Rearrangement – Cloud Native Development – Ignite Business Leverage Data
Have you got any questions?
Devoteam experts remain at your disposal to provide you with more information on our latest service offering, and most importantly help you pave the way to more resilient, efficient and agile business solutions in these unprecedented times but also in the long run.
We can help you.